CresudCIF y A (CresudCIF y A) 6-1 Month Momentum % : 17.87% (As of Apr. 27, 2024)

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What is CresudCIF y A 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 (2024-04-27), CresudCIF y A's 6-1 Month Momentum % is 17.87%.

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

CRESY's 6-1 Month Momentum % is ranked better than
66.84% of 576 companies
in the Conglomerates industry
Industry Median: 7.2 vs CRESY: 17.87

Competitive Comparison of CresudCIF y A's 6-1 Month Momentum %

For the Conglomerates subindustry, CresudCIF y A'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.

CresudCIF y A's 6-1 Month Momentum % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, CresudCIF y A's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where CresudCIF y A's 6-1 Month Momentum % falls into.

CresudCIF y A (NAS:CRESY) 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.

CresudCIF y A (NAS:CRESY) 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.

CresudCIF y A 6-1 Month Momentum % Related Terms

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CresudCIF y A (CresudCIF y A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Cresud SACIF y A (NAS:CRESY) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

CD8:Germany CD8:Germany CRES:Argentina

Address

Carlos M. Della Paolera 261, 9th Floor, Buenos Aires, ARG, C1001ADA

Website

https://www.cresud.com.ar

Cresud SACIF y A is engaged in agricultural business and urban properties and investment business. Under its agricultural business the company produces oilseed grains and cereals, sugar cane and meat. The Agricultural business of the company is further comprised of four reportable segments which are Agricultural production, Land transformation and Sales, Corporate and Other segments. The company participates in the real estate business in Argentina through its subsidiary IRSA. The real estate business is further comprised of five reportable segments, namely Shopping Malls, Offices, Sales and Developments, Hotels and others.