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Canal Shipping Agencies (CAI:CSAG) 12-1 Month Momentum % : 4.45% (As of Sep. 21, 2024)


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What is Canal Shipping Agencies 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 (2024-09-21), Canal Shipping Agencies's 12-1 Month Momentum % is 4.45%.

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

CAI:CSAG's 12-1 Month Momentum % is not ranked
in the Transportation industry.
Industry Median: -1.455 vs CAI:CSAG: 4.45

Competitive Comparison of Canal Shipping Agencies's 12-1 Month Momentum %

For the Integrated Freight & Logistics subindustry, Canal Shipping Agencies'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.


Canal Shipping Agencies's 12-1 Month Momentum % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Canal Shipping Agencies's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Canal Shipping Agencies's 12-1 Month Momentum % falls into.



Canal Shipping Agencies  (CAI:CSAG) 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.


Canal Shipping Agencies  (CAI:CSAG) 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.


Canal Shipping Agencies 12-1 Month Momentum % Related Terms

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Canal Shipping Agencies Business Description

Traded in Other Exchanges
N/A
Address
26 Palestine Street, Port Said, EGY
Canal Shipping Agencies SA provides marine port & shipping services. It offers Suez Canal Transit, Cargo Handling, clearance, crew, technical & insurance surveys, freight forwarding & marine services such as supply of deck engine, saloon stores & others.

Canal Shipping Agencies Headlines

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