Hardinge (Hardinge) 6-1 Month Momentum % : 7.76% (As of May. 06, 2024)

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What is Hardinge 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-06), Hardinge's 6-1 Month Momentum % is 7.76%.

The industry rank for Hardinge's 6-1 Month Momentum % or its related term are showing as below:

HDNG's 6-1 Month Momentum % is not ranked
in the Industrial Products industry.
Industry Median: 2.315 vs HDNG: 7.76

Competitive Comparison of Hardinge's 6-1 Month Momentum %

For the Tools & Accessories subindustry, Hardinge'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.

Hardinge's 6-1 Month Momentum % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hardinge's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Hardinge's 6-1 Month Momentum % falls into.

Hardinge (NAS:HDNG) 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.

Hardinge (NAS:HDNG) 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.

Hardinge 6-1 Month Momentum % Related Terms

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Hardinge (Hardinge) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hardinge Inc (NAS:HDNG) » Definitions » 6-1 Month Momentum %

Traded in Other Exchanges

N/A

Address

Website

http://www.hardinge.com

Hardinge Inc is a machine tool manufacturer. It designs and manufactures computer-numerically controlled cutting lathes, machining centers, grinding machines, collets, chucks, index fixtures and other industrial products. The company operates through two reportable segments, Metalcutting Machine Solutions (MMS) and Aftermarket Tooling and Accessories (ATA). The MMS segment includes high-precision computer controlled metalcutting turning machines, vertical machining centers, horizontal machining centers, grinding machines, and repair parts related to those machines. The Company's ATA segment includes products that are purchased by manufacturers throughout the lives of their machines. The company's products are sold to customers in North America, Europe, and Asia.

Executives

R Tony Tripeny	director	ONE RIVERFRONT PLAZA, CORNING NY 14831
Charles P Dougherty	director, officer: President and CEO	C/O TYCO ELECTRONICS LTD, 1050 WESTLAKES DRIVE, BERWYN PA 19312
Ryan Levenson	director	2396 DELLWOOD DRIVE, ATLANTA GA 30305
Benjamin L Rosenzweig	director	50 OLD IVY ROAD SUITE 230, ATLANTA GA 30342
Mitchell I Quain	director	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Robert R Rogowski	officer: Corporate Controller	C/0 HARDINGE INC., ONE HARDINGE DRIVE, ELMIRA NY 14903
B. Christopher Disantis	director	8540 GANDER CREEK DRIVE MIAMISBURG OH 45342
Richard L Simons	other: Former Officer	ONE HARDINGE DRIVE, ELMIRA NY 14902-1507
Privet Fund Lp	10 percent owner	3280 PEACHTREE ROAD NE, SUITE 2670, Atlanta GA 30305
Privet Fund Management Llc	10 percent owner	3280 PEACHTREE ROAD NE, SUITE 2670, ATLANTA GA 30305
Robert Lepofsky	director	C/O HARDINGE INC., ONE HARDINGE DRIVE, ELMIRA NY 14902