6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-19), Gates Industrial's 6-1 Month Momentum % is 54.41%.
The industry rank for Gates Industrial's 6-1 Month Momentum % or its related term are showing as below:
GTES's 6-1 Month Momentum % is ranked better than 92.74% of 2974
companies
in the Industrial Products industry
Industry Median: 2.215
vs GTES: 54.41
Competitive Comparison
For the Specialty Industrial Machinery subindustry, Gates Industrial'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.
Gates Industrial 6-1 Month Momentum % Distribution
For the Industrial Products industry and Industrials sector, Gates Industrial's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Gates Industrial'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.
Gates Industrial 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Gates Industrial's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Gates Industrial (Gates Industrial) Business Description
Gates Industrial Corp PLC is a manufacturer of engineered power transmission and fluid power solutions. The company has two operating segments; Power Transmission and Fluid Power segments. The Power Transmission solutions convey power and control motion. They are used in applications in which belts, chains, cables, geared transmissions, or direct drives transfer power from an engine or motor to another part or system. The Fluid power solutions are used in applications in which hoses and rigid tubing assemblies either transfer power hydraulically or convey fluids, gases, or granular materials from one location to another. The company generates key revenue from the Power Transmission segment.
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