6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2022-08-09), Steelcase's 6-1 Month Momentum % is -12.50%.
The industry rank for Steelcase's 6-1 Month Momentum % or its related term are showing as below:
SCS's 6-1 Month Momentum % is ranked better than 50.78% of 2763
companies
in the Industrial Products industry
Industry Median: -10.32
vs SCS: -12.50
Competitive Comparison
For the Business Equipment & Supplies subindustry, Steelcase's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 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.
Steelcase 6-1 Month Momentum % Distribution
For the Industrial Products industry and Industrials sector, Steelcase's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Steelcase's 6-1 Month Momentum % falls into.
* 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.
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 6-1 Month Momentum % measures the total return to a stock over the past six 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.
Steelcase 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Steelcase's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Steelcase Inc is a furniture company primarily based in the United States and has operations in Europe, the Middle East, and Africa. Steelcase markets its products primarily through a network of independent and company-owned dealers. The company operates through the Americas segment, the EMEA segment and the Other category. The Americas segment offers architecture, furniture and technology products is marketed to corporate, government, healthcare, education and retail customers, EMEA segment provides furniture systems, storage and seating solutions.
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