Geneva Finance (NZSE:GFL) 6-1 Month Momentum % : -24.66% (As of May. 27, 2024)

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What is Geneva Finance 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 (2024-05-27), Geneva Finance's 6-1 Month Momentum % is -24.66%.

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

NZSE:GFL's 6-1 Month Momentum % is ranked worse than
90.44% of 565 companies
in the Credit Services industry
Industry Median: 6.75 vs NZSE:GFL: -24.66

Competitive Comparison of Geneva Finance's 6-1 Month Momentum %

For the Credit Services subindustry, Geneva Finance'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.

Geneva Finance's 6-1 Month Momentum % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Geneva Finance's 6-1 Month Momentum % distribution charts can be found below:

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

Geneva Finance (NZSE:GFL) 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.

Geneva Finance (NZSE:GFL) 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.

Geneva Finance 6-1 Month Momentum % Related Terms

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Geneva Finance (NZSE:GFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Geneva Finance Ltd (NZSE:GFL) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6B Pacific Rise, Mount Wellington, Panmure, Auckland, NZL, 1060

Website

https://www.genevafinance.co.nz

Geneva Finance Ltd is engaged in the provision of finance and financial services to the consumer credit markets. The company's operating segments are Corporate, New Business consumer finance, Insurance, Old Business consumer finance, Invoice Factoring, and Overseas. The New Business segment includes lending money to individuals, companies, and other entities. The Insurance segment issues temporary insurance contracts covering death, disablement, and redundancy risks and short-term motor vehicle contracts covering comprehensive, third-party, mechanical breakdown risk, and guaranteed asset protection. Its geographical segments are New Zealand and Tonga.