6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-26), The L S Starrett Co's 6-1 Month Momentum % is 51.92%.
The industry rank for The L S Starrett Co's 6-1 Month Momentum % or its related term are showing as below:
SCX's 6-1 Month Momentum % is ranked better than 90.01% of 2983
companies
in the Industrial Products industry
Industry Median: 4.61
vs SCX: 51.92
Competitive Comparison of The L S Starrett Co's 6-1 Month Momentum %
For the Tools & Accessories subindustry, The L S Starrett Co'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.
The L S Starrett Co's 6-1 Month Momentum % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, The L S Starrett Co's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where The L S Starrett Co's 6-1 Month Momentum % falls into.
The L S Starrett Co (NYSE:SCX) 6-1 Month Momentum % Calculation
6-1 Month Momentum % is calculated as following:
6-1 Month Momentum %
=
( Price 1-month ago
/
Price 6-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.
The L S Starrett Co (NYSE:SCX) 6-1 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 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.
The L S Starrett Co 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of The L S Starrett Co's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
The L S Starrett Co (The L S Starrett Co) Business Description
The L S Starrett Co is engaged in the manufacturing of industrial, professional and consumer measuring and cutting tools and related products. Its products include precision tools, electronic gages, gage blocks, optical vision and laser measuring equipment, custom engineered granite solutions, tape measures, levels, chalk products, squares, band saw blades, hole saws, hacksaw blades, jig saw blades, and others. Its products are used in different industries such as metalworking, automotive, aviation, marine, farm, and "do-it-yourselfers" and tradesmen such as builders, carpenters, plumbers and electricians. The operating segments of the company are North American Operations is a key revenue driver; International Operations and Global Test and Measurement.
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