IRCE SpA (MIL:IRC) 12-1 Month Momentum % : -6.41% (As of May. 28, 2024)

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What is IRCE SpA 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 (2024-05-28), IRCE SpA's 12-1 Month Momentum % is -6.41%.

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

MIL:IRC's 12-1 Month Momentum % is ranked worse than
54.07% of 2924 companies
in the Industrial Products industry
Industry Median: -3.045 vs MIL:IRC: -6.41

Competitive Comparison of IRCE SpA's 12-1 Month Momentum %

For the Electrical Equipment & Parts subindustry, IRCE SpA'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.

IRCE SpA's 12-1 Month Momentum % Distribution in the Industrial Products Industry

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

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

IRCE SpA (MIL:IRC) 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.

IRCE SpA (MIL:IRC) 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.

IRCE SpA 12-1 Month Momentum % Related Terms

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IRCE SpA (MIL:IRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » IRCE SpA (MIL:IRC) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

IRQ:Germany

Address

Via Lasie 12/A, Imola, ITA, 40026

Website

https://www.irce.it

IRCE SpA is an Italy-based company engaged in the manufacturing of its core activities through its segments namely the Winding wires segment and Cables segment. The Winding wire segment consists of the manufacturing of electric motors and generators, transformers, relays, and solenoid valves whereas the Cable segment includes energy and data cables that are supplied to industries like construction, civil and industrial engineering, and electoral devices for consumable durable goods. It generates the majority of its revenue from the winding wires segment. The company products include Enamelled copper and aluminum round wire, Copper and aluminum rectangular wire, Medium Voltage Cables, and others. The company's geographical segments are Italy, the European Union, and Non-European Union.