6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-18), Watts Water Technologies's 6-1 Month Momentum % is 11.46%.
The industry rank for Watts Water Technologies's 6-1 Month Momentum % or its related term are showing as below:
WTS's 6-1 Month Momentum % is ranked better than 68.79% of 2977
companies
in the Industrial Products industry
Industry Median: 0.48
vs WTS: 11.46
Competitive Comparison
For the Specialty Industrial Machinery subindustry, Watts Water Technologies'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.
Watts Water Technologies 6-1 Month Momentum % Distribution
For the Industrial Products industry and Industrials sector, Watts Water Technologies's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Watts Water Technologies's 6-1 Month Momentum % falls into.
Watts Water Technologies (NYSE:WTS) 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.
Watts Water Technologies (NYSE:WTS) 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.
Watts Water Technologies 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Watts Water Technologies's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Watts Water Technologies (Watts Water Technologies) Business Description
Watts Water Technologies Inc is a U.S.-based company that provides safety, energy efficiency, and water conservation products. The company's product portfolio includes residential and commercial flow control products, which are sold for plumbing and hot water applications; HVAC and gas products, including commercial boilers, water heaters, heating solutions, and heating systems; drainage and water reuse products, including drainage products and engineered rainwater-harvesting solutions; and water quality products, including point-of-use and point-of-entry water filtration, conditioning, and scale prevention systems. The company generates the majority of its revenue from markets in the Americas and in Europe, the Middle East, and Africa.
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