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), Valmont Industries's 6-1 Month Momentum % is 10.59%.
The industry rank for Valmont Industries's 6-1 Month Momentum % or its related term are showing as below:
VMI's 6-1 Month Momentum % is ranked better than 56.6% of 576
companies
in the Conglomerates industry
Industry Median: 7.2
vs VMI: 10.59
Competitive Comparison of Valmont Industries's 6-1 Month Momentum %
For the Conglomerates subindustry, Valmont Industries'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.
Valmont Industries's 6-1 Month Momentum % Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Valmont Industries's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Valmont Industries'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.
Valmont Industries 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Valmont Industries's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Valmont Industries (Valmont Industries) Business Description
Valmont began in 1946 when founder, Robert B. Daugherty, combined his $5,000 savings with a wholehearted belief that business could and should be done better. From those modest beginnings, the company grew into a global leader, designing and manufacturing highly engineered products and services that support infrastructure development and agricultural productivity. Two primary business segments comprise Valmont: Agriculture and Infrastructure. Valmont have 85 manufacturing facilities in 22 countries, and do business in more than 100 countries across six continents.
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