AirBoss of America (AirBoss of America) 12-1 Month Momentum %

: -31.18% (As of Today)

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12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-16), AirBoss of America's 12-1 Month Momentum % is -31.18%.

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

ABSSF's 12-1 Month Momentum % is ranked worse than
79.82% of 1556 companies
in the Chemicals industry
Industry Median: -7.875 vs ABSSF: -31.18

Competitive Comparison

For the Specialty Chemicals subindustry, AirBoss of America'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.

AirBoss of America 12-1 Month Momentum % Distribution

For the Chemicals industry and Basic Materials sector, AirBoss of America's 12-1 Month Momentum % distribution charts can be found below:

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

AirBoss of America (OTCPK:ABSSF) 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.

AirBoss of America (OTCPK:ABSSF) 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.

AirBoss of America 12-1 Month Momentum % Related Terms

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AirBoss of America (AirBoss of America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AirBoss of America Corp (OTCPK:ABSSF) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

2S1:Germany BOS:Canada

Address

16441 Yonge Street, Newmarket, ON, CAN, L3X 2G8

Website

https://www.airboss.com

AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive and industrial markets. It operates in three segments, 1) The Rubber Solutions segment includes the manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals. 2) The Engineered Products segment includes the manufacture and distribution of anti-noise, vibration, and harshness dampening parts. 3) The AirBoss Defense Group is engaged in the manufacturing and distributing of personal protection and safety products and the manufacture of semi-finished rubber-related products. The Company operates manufacturing facilities and sales offices in the United States and Canada, selling in North American markets.