Piraeus Port Authority (ATH:PPA) 12-1 Month Momentum % : 41.56% (As of Apr. 29, 2024)

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What is Piraeus Port Authority 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 (2024-04-29), Piraeus Port Authority's 12-1 Month Momentum % is 41.56%.

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

ATH:PPA's 12-1 Month Momentum % is ranked better than
83.59% of 1036 companies
in the Transportation industry
Industry Median: 0.08 vs ATH:PPA: 41.56

Competitive Comparison of Piraeus Port Authority's 12-1 Month Momentum %

For the Marine Shipping subindustry, Piraeus Port Authority'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.

Piraeus Port Authority's 12-1 Month Momentum % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Piraeus Port Authority's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Piraeus Port Authority's 12-1 Month Momentum % falls into.

Piraeus Port Authority (ATH:PPA) 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.

Piraeus Port Authority (ATH:PPA) 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.

Piraeus Port Authority 12-1 Month Momentum % Related Terms

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Piraeus Port Authority (ATH:PPA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Piraeus Port Authority SA (ATH:PPA) » Definitions » 12-1 Month Momentum %

Traded in Other Exchanges

PZE:Germany

Address

10 Akti Miaouli street, Piraeus, GRC, 18538

Website

https://www.olp.gr

Piraeus Port Authority SA is engaged in the management and operation of Piraeus port. The main activities of the company are anchoring services of vessels, handling cargo, loading and unloading services as well as goods storage and car transportation. The company is also responsible for the maintenance of port facilities, the supply of port services (water, electricity, telephone connection, and supply), for services provided to travelers (coastal and cruise ships), and for renting space to third parties. Business operating segments include Container Terminal, Car Terminal, Coasting, Cruise, Ship repairing, and Other segments which include water supply, space management, and merchandise management. Substantial revenue is derived from the Container Terminal segment.