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Dorel Industries (TSX:DII.B) 12-1 Month Momentum % : 89.20% (As of Apr. 28, 2024)


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What is Dorel Industries 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 (2024-04-28), Dorel Industries's 12-1 Month Momentum % is 89.20%.

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

TSX:DII.B's 12-1 Month Momentum % is ranked better than
86.76% of 423 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: -0.73 vs TSX:DII.B: 89.20

Competitive Comparison of Dorel Industries's 12-1 Month Momentum %

For the Furnishings, Fixtures & Appliances subindustry, Dorel Industries'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.


Dorel Industries's 12-1 Month Momentum % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Dorel Industries's 12-1 Month Momentum % distribution charts can be found below:

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



Dorel Industries  (TSX:DII.B) 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.


Dorel Industries  (TSX:DII.B) 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.


Dorel Industries 12-1 Month Momentum % Related Terms

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Dorel Industries (TSX:DII.B) Business Description

Traded in Other Exchanges
Address
1255 Greene Avenue, Suite 300, Westmount, QC, CAN, H3Z 2A4
Dorel Industries Inc is a Canadian company that sells juvenile products and furniture. Its segments include Dorel Home and Dorel Juvenile. Dorel Home segment is engaged in the design, sourcing, manufacturing, and distribution of ready-to-assemble furniture and home furnishings which include metal folding furniture, futons, children's furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items. Dorel Juvenile segment is engaged in the design, sourcing, manufacturing, distribution, and retail of children's accessories which include infant car seats, strollers, high chairs, and infant health and safety aids. Its geographical segments include Canada, the United States, Europe, Latin America, Asia, and Other countries.

Dorel Industries (TSX:DII.B) Headlines

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