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OMI (Owens & Minor) 6-1 Month Momentum % : -36.58% (As of Oct. 31, 2024)


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What is Owens & Minor 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 (2024-10-31), Owens & Minor's 6-1 Month Momentum % is -36.58%.

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

OMI's 6-1 Month Momentum % is ranked worse than
94.23% of 104 companies
in the Medical Distribution industry
Industry Median: -0.955 vs OMI: -36.58

Competitive Comparison of Owens & Minor's 6-1 Month Momentum %

For the Medical Distribution subindustry, Owens & Minor'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.


Owens & Minor's 6-1 Month Momentum % Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Owens & Minor's 6-1 Month Momentum % distribution charts can be found below:

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



Owens & Minor  (NYSE:OMI) 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.


Owens & Minor  (NYSE:OMI) 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.


Owens & Minor 6-1 Month Momentum % Related Terms

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Owens & Minor Business Description

Traded in Other Exchanges
N/A
Address
9120 Lockwood Boulevard, Mechanicsville, VA, USA, 23116
Owens & Minor Inc distributes consumable medical supplies to a variety of providers. The business is under two segments: Products & Healthcare Services and Patient Direct. The Products & Healthcare Services segment manufactures and sources medical surgical products through its production and kitting operations and provides medical supplies and solutions for the prevention of healthcare-associated infections across the acute and alternate site channels. The Patient Direct segment provides delivery of disposable medical supplies sold directly to patients and home health agencies. Majority of the revenue is generated from Products & Healthcare Services segment.
Executives
Jonathan A Leon officer: SVP, Corporate Treasurer OWENS & MINOR, INC., 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Perry A Bernocchi officer: EVP & CEO Patient Direct OWENS & MINOR, INC, 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Mark A Beck director 2200 PENNSYLVANIA AVENUE, NW, SUITE 800W, WASHINGTON DC 20037
Snehashish Sarkar other: Chief Information Officer OWENS & MINOR INC., 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Alexander J Bruni officer: EVP, CFO OWENS & MINOR, INC., 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Heath H Galloway officer: EVP,General Counsel & CorpSecy OWENS & MINOR, INC, 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Michael Wayne Lowry other: & Interim Chief Acctg Officer 9120 LOCKWOOD BOULEVARD, MECHANICSVILLE VA 23116
Edward A Pesicka director, officer: President & CEO 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Robert J Henkel director C/O OWENS & MINOR, INC., 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Carissa Rollins director 5200 ILLUMINA WAY, SAN DIEGO CA 92122
Tammy L Gomez officer: EVP, CHRO OWENS & MINOR, INC., 9120 LOCKWOOD BOULEVARD, MECHANICSVILLE VA 23116
Jeffrey T Jochims officer: EVP, Strategy & Solutions OWENS & MINOR, INC., 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Teresa L. Kline director C/O INTERSECT ENT, INC., 1555 ADAMS DRIVE, MENLO PARK CA 94025
Rita Johnson-mills director C/O BROOKDALE SENIOR LIVING INC., 111 WESTWOOD PLACE, SUITE 400, BRENTWOOD TN 37027
Gwendolyn M Bingham director C/O OWENS & MINOR, INC., 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116