6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-28), Crimson Wine Group's 6-1 Month Momentum % is 2.40%.
The industry rank for Crimson Wine Group's 6-1 Month Momentum % or its related term are showing as below:
CWGL's 6-1 Month Momentum % is ranked better than 62.98% of 235
companies
in the Beverages - Alcoholic industry
Industry Median: -2.74
vs CWGL: 2.40
Competitive Comparison of Crimson Wine Group's 6-1 Month Momentum %
For the Beverages - Wineries & Distilleries subindustry, Crimson Wine Group'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.
Crimson Wine Group's 6-1 Month Momentum % Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Crimson Wine Group's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Crimson Wine Group's 6-1 Month Momentum % falls into.
Crimson Wine Group (OTCPK:CWGL) 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.
Crimson Wine Group (OTCPK:CWGL) 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.
Crimson Wine Group 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Crimson Wine Group's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Crimson Wine Group (Crimson Wine Group) Business Description
Crimson Wine Group Ltd is engaged in the business of producing and selling luxury wines. Its operating segments are Wholesale net sales and Direct to Consumer net sales. It generates revenues from sales of wine to wholesalers and directs to consumers, sales of bulk wine and grapes, custom winemaking services, special event fees, tasting fees, and retail sales. The company's wineries include wine brands of Pine Ridge Vineyards, Archery Summit, Chamisal Vineyards, Seghesio Family Vineyards, Double Canyon, Seven Hills Winery, and Malene Wines.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CWGL has been successfully added to your