6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-28), RBC Bearings's 6-1 Month Momentum % is 20.42%.
The industry rank for RBC Bearings's 6-1 Month Momentum % or its related term are showing as below:
RBC's 6-1 Month Momentum % is ranked better than 71.95% of 2991
companies
in the Industrial Products industry
Industry Median: 3.45
vs RBC: 20.42
Competitive Comparison of RBC Bearings's 6-1 Month Momentum %
For the Tools & Accessories subindustry, RBC Bearings'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.
RBC Bearings's 6-1 Month Momentum % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, RBC Bearings's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where RBC Bearings'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.
RBC Bearings 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of RBC Bearings's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
RBC Bearings Inc is a manufacturer and marketer of precision bearings and products used in aircraft and mechanical systems. The offering includes plain bearings, roller bearings, ball bearings, and engineered products. The products reduce wear in moving parts, facilitate proper power transmission, reduce damage and energy loss, and control pressure and flow. The primary customers for RBC Bearings are industrial markets and aerospace markets such as construction and mining, oil and natural resource extraction, heavy truck, marine, rail and train, packaging, commercial, private and military aircraft engines, and guided weaponry. The end market is the United States of America.
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