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Prada SpA (Prada SpA) 6-1 Month Momentum % : 25.70% (As of Apr. 29, 2024)


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What is Prada SpA 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 (2024-04-29), Prada SpA's 6-1 Month Momentum % is 25.70%.

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

PRDSY's 6-1 Month Momentum % is ranked better than
82.93% of 1119 companies
in the Retail - Cyclical industry
Industry Median: 3.17 vs PRDSY: 25.70

Competitive Comparison of Prada SpA's 6-1 Month Momentum %

For the Luxury Goods subindustry, Prada SpA'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.


Prada SpA's 6-1 Month Momentum % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Prada SpA's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Prada SpA's 6-1 Month Momentum % falls into.



Prada SpA  (OTCPK:PRDSY) 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.


Prada SpA  (OTCPK:PRDSY) 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.


Prada SpA 6-1 Month Momentum % Related Terms

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Prada SpA (Prada SpA) Business Description

Traded in Other Exchanges
Address
Via Antonio Fogazzaro, 28, Milan, ITA, 20135
Prada is a family owned holding comprising Prada brand, a younger and more fashion-oriented Miu Miu, and two classic shoe brands: Church's and Car Shoe. The company generates more than EUR 4.2 billion in sales, with almost 90% from the Prada brand. Leather goods make up 50% of retail sales, ready-to-wear 29%, footwear 18%, and licensing (mainly eyewear and fragrances) 3%. Geographically, Asia is the biggest region with 33% of retail sales, followed by Europe at 32%, 21% in the Americas, and 10% in Japan.

Prada SpA (Prada SpA) Headlines

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