6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-08), Howmet Aerospace's 6-1 Month Momentum % is 38.93%.
The industry rank for Howmet Aerospace's 6-1 Month Momentum % or its related term are showing as below:
HWM's 6-1 Month Momentum % is ranked better than 82.26% of 310
companies
in the Aerospace & Defense industry
Industry Median: 5.78
vs HWM: 38.93
Competitive Comparison of Howmet Aerospace's 6-1 Month Momentum %
For the Aerospace & Defense subindustry, Howmet Aerospace'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.
Howmet Aerospace's 6-1 Month Momentum % Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Howmet Aerospace's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Howmet Aerospace'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.
Howmet Aerospace 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Howmet Aerospace's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Howmet Aerospace (Howmet Aerospace) Business Description
Howmet Aerospace Inc produces products that are majorly used in aerospace, commercial transportation, and industrial and other markets. The company seeks to provide its customers with innovative solutions through offering differentiated products such as airfoils with advanced cooling and coatings for extreme temperature applications, specially designed fasteners for lightweight composite airframe construction, reduced assembly costs, and lightning strike protection and lightweight aluminum commercial wheels. It has four reportable segments namely, Engine Products, Fastening Systems, Engineered Structures and Forged Wheels.
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