6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-05), Mobile Mini's 6-1 Month Momentum % is -11.16%.
The industry rank for Mobile Mini's 6-1 Month Momentum % or its related term are showing as below:
MINI's 6-1 Month Momentum % is not ranked
in the Business Services industry.
Industry Median: 3.64
vs MINI: -11.16
Competitive Comparison of Mobile Mini's 6-1 Month Momentum %
For the Rental & Leasing Services subindustry, Mobile Mini'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.
Mobile Mini's 6-1 Month Momentum % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Mobile Mini's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Mobile Mini's 6-1 Month Momentum % falls into.
Mobile Mini (NAS:MINI) 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.
Mobile Mini (NAS:MINI) 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.
Mobile Mini 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Mobile Mini's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Mobile Mini Inc manufactures, rents, and sells portable storage containers. It generates the vast majority of its revenue from the rental of storage containers. The company's products are organized into two primary categories. Portable storage containers are dropped off at a customers' location by Mobile Mini and used by businesses in the retail, manufacturing, and construction industries. Tank and Pump Solutions consists of liquid and solid containers, as well as pumps and filtration equipment used by companies in the chemicals manufacturing, refining, mining, and the oil and gas industries. The company organizes itself into three segments based on geography: North America, United Kingdom, and Tank and Pump Solutions. The majority of revenue comes from the North America segment.
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