SKF AB (SKF AB) 6-1 Month Momentum % : 28.92% (As of May. 01, 2024)

View and export this data going back to 1985. Start your Free Trial

What is SKF AB 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 (2024-05-01), SKF AB's 6-1 Month Momentum % is 28.92%.

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

SKFRY's 6-1 Month Momentum % is ranked better than
79.81% of 2986 companies
in the Industrial Products industry
Industry Median: 3.25 vs SKFRY: 28.92

Competitive Comparison of SKF AB's 6-1 Month Momentum %

For the Tools & Accessories subindustry, SKF AB'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.

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

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

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

SKF AB (OTCPK:SKFRY) 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.

SKF AB (OTCPK:SKFRY) 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.

SKF AB 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of SKF AB's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.

SKF AB (SKF AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SKF AB (OTCPK:SKFRY) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

SKUFF:USA SKF B:Sweden SKF A:Sweden SKFB:Mexico SKFBs:UK 0NWX:UK SKFA:Germany

Address

Sven Wingquists Gata 2, Gothenburg, SWE, SE-415 50

Website

https://www.skf.com

SKF's history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF, along with the Schaeffler Group, are the top two global ball bearing suppliers followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world's ball bearings. However, most of them have sector niches as ball bearings for industrial purposes are engineered for specific applications. SKF is based out of Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, which has a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla.