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), Credit Acceptance's 6-1 Month Momentum % is 34.12%.
The industry rank for Credit Acceptance's 6-1 Month Momentum % or its related term are showing as below:
CACC's 6-1 Month Momentum % is ranked better than 75.36% of 560
companies
in the Credit Services industry
Industry Median: 10
vs CACC: 34.12
Competitive Comparison of Credit Acceptance's 6-1 Month Momentum %
For the Credit Services subindustry, Credit Acceptance'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.
Credit Acceptance's 6-1 Month Momentum % Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Credit Acceptance's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Credit Acceptance'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.
Credit Acceptance 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Credit Acceptance's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Credit Acceptance (Credit Acceptance) Business Description
Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far the largest source of revenue.
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