6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-04), Carrier Global's 6-1 Month Momentum % is 12.69%.
The industry rank for Carrier Global's 6-1 Month Momentum % or its related term are showing as below:
CARR's 6-1 Month Momentum % is ranked better than 59.32% of 1775
companies
in the Construction industry
Industry Median: 6.53
vs CARR: 12.69
Competitive Comparison of Carrier Global's 6-1 Month Momentum %
For the Building Products & Equipment subindustry, Carrier Global'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.
Carrier Global's 6-1 Month Momentum % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Carrier Global's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Carrier Global's 6-1 Month Momentum % falls into.
Carrier Global (NYSE:CARR) 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.
Carrier Global (NYSE:CARR) 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.
Carrier Global 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Carrier Global's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Carrier Global (Carrier Global) Business Description
Carrier Global manufactures heating, ventilation, and air conditioning, refrigeration, and fire and security products. The HVAC business serves both residential and commercial markets (HVAC segment sales mix is 60% commercial and 40% residential). Carrier's refrigeration segment consists of its transportation refrigeration, Sensitech supply chain monitoring, and commercial refrigeration businesses. The firm's fire and security business manufactures fire detection and suppression, access controls, and intrusion detection products. In April 2023, Carrier announced that it plans to divest its fire and security and commercial refrigeration businesses. The firm also announced the pending acquisition of Germany-based Viessmann for approximately $13 billion.
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