voestalpine AG (WBO:VOE) 12-1 Month Momentum %

: -18.51% (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 (2024-04-19), voestalpine AG's 12-1 Month Momentum % is -18.51%.

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

WBO:VOE's 12-1 Month Momentum % is ranked worse than
82.23% of 636 companies
in the Steel industry
Industry Median: 1.405 vs WBO:VOE: -18.51

Competitive Comparison

For the Steel subindustry, voestalpine AG'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.

voestalpine AG 12-1 Month Momentum % Distribution

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

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

voestalpine AG (WBO:VOE) 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.

voestalpine AG (WBO:VOE) 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.

voestalpine AG 12-1 Month Momentum % Related Terms

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voestalpine AG (WBO:VOE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » voestalpine AG (WBO:VOE) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

VLPNY:USA VLPNF:USA 0MKX:UK VAS:Germany VOE:Czech Republic

Address

Voestalpine-Strasse 1, Linz, AUT, 4020

Website

https://www.voestalpine.com

voestalpine AG is an Austria-based holding company engaged in the manufacturing, processing and development of steel products. The company is divided into four divisions. The Steel Division is involved in the production of steel products and the casting of large turbines. The High-Performance metals Division provides metals for the automotive, consumer goods, power generation, energy and aviation sectors. The Metal Engineering division produces rails, turnout systems, track-based monitoring systems, specially treated wire and others. The Metal Forming Division provides customized special and precision sections, as well as solutions for systems in the construction, cab construction for commercial vehicles, and aviation sectors. The company generates its revenue from the European Union.

Executives

Dr. Franz Gasselsberger	Supervisory Board
Di Dr. Peter Schwab	Board of Directors
Herbert Eibensteiner	Board of Directors
Mag. Dipl.-ing. Robert Ottel	Board of Directors