6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-12), Alpha Pro Tech's 6-1 Month Momentum % is 46.28%.
The industry rank for Alpha Pro Tech's 6-1 Month Momentum % or its related term are showing as below:
APT's 6-1 Month Momentum % is ranked better than 88% of 1767
companies
in the Construction industry
Industry Median: 6.11
vs APT: 46.28
Competitive Comparison of Alpha Pro Tech's 6-1 Month Momentum %
For the Building Products & Equipment subindustry, Alpha Pro Tech'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.
Alpha Pro Tech's 6-1 Month Momentum % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Alpha Pro Tech's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Alpha Pro Tech's 6-1 Month Momentum % falls into.
Alpha Pro Tech (AMEX:APT) 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.
Alpha Pro Tech (AMEX:APT) 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.
Alpha Pro Tech 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Alpha Pro Tech's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Alpha Pro Tech (Alpha Pro Tech) Business Description
Alpha Pro Tech Ltd is involved in the business of developing, manufacturing, and marketing of disposable protective apparel, building supply, and infection control products principally in the United States. It operates its business through segment which includes Building Supply and Disposable Protective Apparel. It mainly offers a line of construction supply weatherization products, namely house wrap and synthetic roof underlayment as well as other woven material, different styles of disposable products like shoe covers, bouffant caps, gowns, coveralls, lab coats, frocks and other miscellaneous products. It also provides face masks and eye shields. It generates most of its revenues from the sale of products across the United States.
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