6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-29), Columbus McKinnon's 6-1 Month Momentum % is 41.98%.
The industry rank for Columbus McKinnon's 6-1 Month Momentum % or its related term are showing as below:
CMCO's 6-1 Month Momentum % is ranked better than 84.11% of 214
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 8.595
vs CMCO: 41.98
Competitive Comparison of Columbus McKinnon's 6-1 Month Momentum %
For the Farm & Heavy Construction Machinery subindustry, Columbus McKinnon'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.
Columbus McKinnon's 6-1 Month Momentum % Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Columbus McKinnon's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Columbus McKinnon'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.
Columbus McKinnon 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Columbus McKinnon's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Columbus McKinnon (Columbus McKinnon) Business Description
Columbus McKinnon Corp is a designer, manufacturer and marketer of intelligent motion solutions, including motion control products, technologies, automated systems and services, that efficiently and ergonomically move, lift, position and secure materials. Its key products include hoists, crane components, precision conveyors, actuators, rigging tools, light rail workstations, and digital power and motion control systems. The company's targeted market verticals include general industries, mobile industries, energy and utilities, process industries, industrial automation, construction and infrastructure, food processing, entertainment, life sciences, consumer packaged goods and e-commerce/supply chain/warehousing.
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