Filinvest Development (PHS:FDC) 12-1 Month Momentum % : -1.43% (As of May. 06, 2024)

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What is Filinvest Development 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-05-06), Filinvest Development's 12-1 Month Momentum % is -1.43%.

The industry rank for Filinvest Development's 12-1 Month Momentum % or its related term are showing as below:

PHS:FDC's 12-1 Month Momentum % is ranked worse than
50.86% of 584 companies
in the Conglomerates industry
Industry Median: 3.36 vs PHS:FDC: -1.43

Competitive Comparison of Filinvest Development's 12-1 Month Momentum %

For the Conglomerates subindustry, Filinvest Development's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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.

Filinvest Development's 12-1 Month Momentum % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Filinvest Development's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Filinvest Development's 12-1 Month Momentum % falls into.

Filinvest Development (PHS:FDC) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %

( Price 1-month ago

Price 12-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.

Filinvest Development (PHS:FDC) 12-1 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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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.

Filinvest Development 12-1 Month Momentum % Related Terms

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Filinvest Development (PHS:FDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Filinvest Development Corp (PHS:FDC) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Avenue corner 23rd Street, 6th Floor, The Beaufort, Bonifacio Global City, Metro Manila, Taguig City, PHL, 1634

Website

https://www.filinvestgroup.com

Filinvest Development Corp is a Philippines-based company which focuses on diverse business such as real estate development and leasing, hospitality operations, banking and financial services, power and utility operations, sugar cane farming, milling and sugar trading. Majority of its revenue generating operating segments are Real estate and hospitality which is involved in acquisition of land, planning and development of large-scale fully integrated residential and commercial communities; development and sale of residential and commercial lots; Sugar Operations which involves purchase of raw sugar, refined sugar and molasses from Davao Sugar Central Company, Inc. and Cotabato Sugar Central Company, Inc., subsidiaries of PSHC, and sale to third parties.