Ternium (Ternium) 12-1 Month Momentum % : -1.83% (As of Apr. 25, 2024)

View and export this data going back to 2006. Start your Free Trial

What is Ternium 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-25), Ternium's 12-1 Month Momentum % is -1.83%.

The industry rank for Ternium's 12-1 Month Momentum % or its related term are showing as below:

TX's 12-1 Month Momentum % is ranked worse than
55.92% of 642 companies
in the Steel industry
Industry Median: 4.18 vs TX: -1.83

Competitive Comparison of Ternium's 12-1 Month Momentum %

For the Steel subindustry, Ternium's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ternium's 12-1 Month Momentum % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ternium's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Ternium's 12-1 Month Momentum % falls into.

Ternium (NYSE:TX) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %

( Price 1-month ago

Price 12-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ternium (NYSE:TX) 12-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Ternium 12-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Ternium's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.

Ternium (Ternium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ternium SA (NYSE:TX) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

TX:Mexico T5Z:Germany T5Z:Germany TXSA34:Brazil TXR:Argentina

Address

26 Boulevard Royal, 4th Floor, Luxembourg, LUX, L-2449

Website

https://www.ternium.com

Ternium SA is a flat steel producer operating in Mexico, Brazil, Argentina, Colombia, the southern United States, and Central America. It produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers and steel processors or end-users. The company operates in two segments: Steel and Mining. In its steel segment, the company produces slabs, billets & round bars, hot-rolled coils & sheets, bars & stirrups, wire rods, steel pipes, and other products. The Mining segment sells iron ore as concentrates (fines) and pellets. The vast majority of its revenue comes from the steel segment. Its geographical segments are Mexico, the Southern region, and Brazil & Other markets.