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SG Fleet Group (ASX:SGF) 12-1 Month Momentum % : 46.04% (As of Apr. 30, 2024)


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What is SG Fleet 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 (2024-04-30), SG Fleet Group's 12-1 Month Momentum % is 46.04%.

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

ASX:SGF's 12-1 Month Momentum % is ranked better than
83.62% of 1062 companies
in the Business Services industry
Industry Median: 1.76 vs ASX:SGF: 46.04

Competitive Comparison of SG Fleet Group's 12-1 Month Momentum %

For the Rental & Leasing Services subindustry, SG Fleet 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.

SG Fleet Group's 12-1 Month Momentum % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, SG Fleet Group's 12-1 Month Momentum % distribution charts can be found below:

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


SG Fleet Group  (ASX:SGF) 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.

SG Fleet Group  (ASX:SGF) 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.

SG Fleet Group 12-1 Month Momentum % Related Terms

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SG Fleet Group (ASX:SGF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SG Fleet Group Ltd (ASX:SGF) » Definitions » 12-1 Month Momentum %
Comparable Companies
ASX:FPR ASX:EHL ASX:AQN ASX:BPP ASX:SIV ASX:CL8 URI LSE:AHT AER BSP:RENT3 UHAL WSC CAR XPAR:ALD TSX:EFN TSE:8439 HKSE:02588 R AL FTAI
Traded in Other Exchanges
N/A
Address
20 Bridge Street, Level 2, Building 3, Pymble, Sydney, NSW, AUS, 2073
Website
https://www.sgfleet.com
SG Fleet Group Ltd is a fleet management solutions providing company. It is also involved in the activities of vehicle leasing, short-term hire, novated leasing, salary packaging and consumer vehicle finance. The fleet management services include funding options, registration renewal, fuel cards and reporting, vehicle acquisition and disposal, comprehensive insurance and other services. Geographically, the group operates in the business segments of Australia, New Zealand, and the United Kingdom, of which the majority of the revenue is derived from its operations in Australia.