Reece (ASX:REH) 12-1 Month Momentum % : 50.00% (As of May. 23, 2024)

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What is Reece 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 (2024-05-23), Reece's 12-1 Month Momentum % is 50.00%.

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

ASX:REH's 12-1 Month Momentum % is ranked better than
85.52% of 145 companies
in the Industrial Distribution industry
Industry Median: 4.59 vs ASX:REH: 50.00

Competitive Comparison of Reece's 12-1 Month Momentum %

For the Industrial Distribution subindustry, Reece'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.

Reece's 12-1 Month Momentum % Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Reece's 12-1 Month Momentum % distribution charts can be found below:

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

Reece (ASX:REH) 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.

Reece (ASX:REH) 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.

Reece 12-1 Month Momentum % Related Terms

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Reece (ASX:REH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Reece Ltd (ASX:REH) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Private Bag 109, Burwood, Sydney, VIC, AUS, 3125

Website

https://www.reecegroup.com.au

Reece is an Australian distributor of plumbing supplies and bathroom products, with businesses in Australia, New Zealand, and the United States. Reece Australia holds Australia's largest range of individual plumbing stock-keeping units, supporting plumbing needs for general plumbing, bathrooms, kitchens, heating and air conditioning, irrigation, pools, commercial and government projects, and fire services.In the Australia and New Zealand markets, Reece's professional, or trade, customers are mostly small to medium plumbing businesses working in the areas of residential repairs, renovations, or new home builds.The U.S. business principally serves plumbers working on commercial and residential construction projects and has a network of almost 250 stores in the southern Sun Belt states.

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