Pinnacle Investment Management Group (ASX:PNI) 12-1 Month Momentum % : 28.87% (As of May. 07, 2024)

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What is Pinnacle Investment Management 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 (2024-05-07), Pinnacle Investment Management Group's 12-1 Month Momentum % is 28.87%.

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

ASX:PNI's 12-1 Month Momentum % is ranked better than
86.28% of 1742 companies
in the Asset Management industry
Industry Median: 1.315 vs ASX:PNI: 28.87

Competitive Comparison of Pinnacle Investment Management Group's 12-1 Month Momentum %

For the Asset Management subindustry, Pinnacle Investment Management 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.

Pinnacle Investment Management Group's 12-1 Month Momentum % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Pinnacle Investment Management Group's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Pinnacle Investment Management Group's 12-1 Month Momentum % falls into.

Pinnacle Investment Management Group (ASX:PNI) 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.

Pinnacle Investment Management Group (ASX:PNI) 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.

Pinnacle Investment Management Group 12-1 Month Momentum % Related Terms

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Pinnacle Investment Management Group (ASX:PNI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pinnacle Investment Management Group Ltd (ASX:PNI) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

264 George Street, Level 25, Australia Square Tower, Sydney, NSW, AUS, 2000

Website

http://www.pinnacleinvestment.com

Pinnacle Investment Management Group is an Australia-based multi-affiliate investment management firm. The principal activities of the firm are equity, seed capital and working capital, and providing distribution services, business support, and responsible entity services to a network of boutique asset managers, termed as "affiliates." Apart from deriving revenue from its services, Pinnacle also earns a share of profits from its affiliates via holding equity interests in them. The business is growing rapidly with number of boutiques and FUM growing to 15 and around AUD 90 billion in September 2023, respectively, from seven and AUD 23 billion in December 2016.