FE Investments Group (ASX:FEI) 12-1 Month Momentum % : N/A% (As of May. 22, 2024)

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What is FE Investments Group 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-05-22), FE Investments Group's 12-1 Month Momentum % is N/A%.

The industry rank for FE Investments Group's 12-1 Month Momentum % or its related term are showing as below:

ASX:FEI's 12-1 Month Momentum % is not ranked ^*
in the Credit Services industry.
Industry Median: 11.89
* Ranked among companies with meaningful 12-1 Month Momentum % only.

Competitive Comparison of FE Investments Group's 12-1 Month Momentum %

For the Credit Services subindustry, FE Investments Group's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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.

FE Investments Group's 12-1 Month Momentum % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, FE Investments Group's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where FE Investments Group's 12-1 Month Momentum % falls into.

FE Investments Group (ASX:FEI) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %

( Price 1-month ago

Price 12-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.

FE Investments Group (ASX:FEI) 12-1 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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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.

FE Investments Group 12-1 Month Momentum % Related Terms

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FE Investments Group (ASX:FEI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » FE Investments Group Ltd (ASX:FEI) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Miller Street, Level 32, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.feigroup.com.au

FE Investments Group Ltd a financial services company. It is operating as a non-bank deposit taker with deposit-taking licence issued by the reserve bank of New Zealand. It is organized into two reporting segments, being Lending Products and Leasing. The Lending Products segment. The company's focus is the leasing of business equipment and technology products for the SME market. The company accepts deposits from the New Zealand public and lends to the SME sector in New Zealand and Australia. It provides financing facilities in the form of lease financing, term loans, working capital facilities, stock funding, trade finance and business micro-loans. Approximately, 98% of the company's revenue is generated in New Zealand.