6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-27), Illinois Tool Works's 6-1 Month Momentum % is 18.44%.
The industry rank for Illinois Tool Works's 6-1 Month Momentum % or its related term are showing as below:
ITW's 6-1 Month Momentum % is ranked better than 70.24% of 2991
companies
in the Industrial Products industry
Industry Median: 3.45
vs ITW: 18.44
Competitive Comparison of Illinois Tool Works's 6-1 Month Momentum %
For the Specialty Industrial Machinery subindustry, Illinois Tool Works'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.
Illinois Tool Works's 6-1 Month Momentum % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Illinois Tool Works's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Illinois Tool Works's 6-1 Month Momentum % falls into.
Illinois Tool Works (NYSE:ITW) 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.
Illinois Tool Works (NYSE:ITW) 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.
Illinois Tool Works 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Illinois Tool Works's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Illinois Tool Works (Illinois Tool Works) Business Description
Illinois Tool Works is a diversified global manufacturer that produces specialized industrial equipment, consumables, and related services. The firm operates 87 global divisions through seven distinct operating segments: automotive OEM, construction products, food equipment, specialty products, test/measurement and electronics, polymers and fluids, and welding. About half of its revenue comes from its operations in North America, with the remainder originating from international markets. ITW takes a bottom-up and decentralized approach to portfolio management, with the exception that each segment must apply its 80/20 operating process modeled on the Pareto principle.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ITW has been successfully added to your