Shriro Holdings (ASX:SHM) 12-1 Month Momentum % : -1.41% (As of May. 17, 2024)

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What is Shriro Holdings 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 (2024-05-17), Shriro Holdings's 12-1 Month Momentum % is -1.41%.

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

ASX:SHM's 12-1 Month Momentum % is ranked better than
54.13% of 1090 companies
in the Retail - Cyclical industry
Industry Median: -6.365 vs ASX:SHM: -1.41

Competitive Comparison of Shriro Holdings's 12-1 Month Momentum %

For the Specialty Retail subindustry, Shriro Holdings'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.

Shriro Holdings's 12-1 Month Momentum % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Shriro Holdings's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Shriro Holdings's 12-1 Month Momentum % falls into.

Shriro Holdings (ASX:SHM) 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.

Shriro Holdings (ASX:SHM) 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.

Shriro Holdings 12-1 Month Momentum % Related Terms

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Shriro Holdings (ASX:SHM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shriro Holdings Ltd (ASX:SHM) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

67 Albert Avenue, Level 7, Chatswood, NSW, AUS, 2067

Website

https://www.shriro.com.au

Shriro Holdings Ltd is engaged in the marketing and distribution of home appliances and consumer electronics. Its brands include Casio, Robinhood, Everdure, and others. Its products include ovens, cooktops, range hoods, dishwashers, sinks, taps, ironing systems, laundry tubs, ducting solutions, watches, calculators, electronic musical instruments, projectors, point-of-sale terminals, barbeques, heaters, fans, air purifiers/ dehumidifiers, waste disposal, ducting solutions, fashion, car audio, professional DJ, amplifiers, Hi-Fi products and speakers, and accessories. Its segment includes Australia, New Zealand, and Rest of the world markets. The company derives the majority of its revenues from the Australian segment.