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), WD-40 Co's 12-1 Month Momentum % is 30.22%.
The industry rank for WD-40 Co's 12-1 Month Momentum % or its related term are showing as below:
WDFC's 12-1 Month Momentum % is ranked better than 80.73% of 1557
companies
in the Chemicals industry
Industry Median: -5.93
vs WDFC: 30.22
Competitive Comparison of WD-40 Co's 12-1 Month Momentum %
For the Specialty Chemicals subindustry, WD-40 Co'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.
WD-40 Co's 12-1 Month Momentum % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, WD-40 Co's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where WD-40 Co's 12-1 Month Momentum % falls into.
WD-40 Co (NAS:WDFC) 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.
WD-40 Co (NAS:WDFC) 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.
WD-40 Co 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of WD-40 Co's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
WD-40 Co manufactures and sells lubricants and cleaning products. The firm's product categories include maintenance and cleaning products. Maintenance products include the WD-40 signature brand aerosol spray lubricant as well as degreasers, rust removers, and bicycle maintenance products. Cleaning products include toilet cleaners, carpet stain removers and deodorizers, and heavy-duty hand soaps used to clean grease. The company organizes itself into three segments based on geography: Americas, Europe/Middle East/Africa, and Asia-Pacific. Around half of the company's revenue comes from the Americas segment, which includes the United States, Canada, and Latin America.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
WDFC has been successfully added to your