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), MISTRAS Group's 6-1 Month Momentum % is 71.48%.
The industry rank for MISTRAS Group's 6-1 Month Momentum % or its related term are showing as below:
MG's 6-1 Month Momentum % is ranked better than 94.59% of 1090
companies
in the Business Services industry
Industry Median: 6.245
vs MG: 71.48
Competitive Comparison of MISTRAS Group's 6-1 Month Momentum %
For the Security & Protection Services subindustry, MISTRAS 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.
MISTRAS Group's 6-1 Month Momentum % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, MISTRAS Group's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where MISTRAS Group's 6-1 Month Momentum % falls into.
MISTRAS Group (NYSE:MG) 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.
MISTRAS Group (NYSE:MG) 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.
MISTRAS Group 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of MISTRAS Group's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
MISTRAS Group (MISTRAS Group) Business Description
MISTRAS Group Inc provides asset protection solutions and systems. The company evaluates the structural integrity and reliability of critical energy, industrial, and public infrastructure. The company's three operating segments are Service, International and Products and Systems, of which key revenue is derived from the Services segment. Services segment provides asset protection solutions predominantly in North America, with the large amount of concentration in the United States, followed by Canada, consisting of non-destructive testing, and inspection. The asset protection solutions include field inspections, consulting, maintenance, data management, access, monitoring and laboratory quality assurance.
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