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Tomra Systems ASA (STU:TMR0) 12-1 Month Momentum %

: -29.62% (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 (2023-03-24), Tomra Systems ASA's 12-1 Month Momentum % is -29.62%.

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

STU:TMR0's 12-1 Month Momentum % is ranked worse than
81.42% of 226 companies
in the Waste Management industry
Industry Median: -10.61 vs STU:TMR0: -29.62

Competitive Comparison

For the Waste Management subindustry, Tomra Systems ASA'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.


Tomra Systems ASA 12-1 Month Momentum % Distribution

For the Waste Management industry and Industrials sector, Tomra Systems ASA's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Tomra Systems ASA's 12-1 Month Momentum % falls in comparison to its industry or sector. The grey bar indicates the 12-1 Month Momentum %'s extreme value range as defined by GuruFocus.

Tomra Systems ASA  (STU:TMR0) 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.

Tomra Systems ASA  (STU:TMR0) 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.

Tomra Systems ASA 12-1 Month Momentum % Related Terms

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Tomra Systems ASA (STU:TMR0) Business Description

Tomra Systems ASA logo
Drengsrudhagen 2, Asker, NOR, 1385
Tomra Systems ASA provides sorting and recycling solutions to better equip customers for handling waste. It operates two primary business segments: collection solutions (a majority of total revenue) and sorting solutions. The company produces, sells, and services automated recycling systems, including data administration systems that monitor the volume of collected materials. It manufactures reverse vending machines to collect empty beverage containers. The empty beverage containers are gathered and processed into reusable molds. Tomra services the machines and provides replacement parts to ensure optimal performance. Food sorting solutions inspect individual pieces and stop resources from going to waste. The majority of revenue comes from customers in Europe and North America.

Tomra Systems ASA (STU:TMR0) Headlines

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