Heritage Global (FRA:LGC) 12-1 Month Momentum % : -32.41% (As of Dec. 15, 2024)

View and export this data going back to 2015. Start your Free Trial

What is Heritage Global 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 (2024-12-15), Heritage Global's 12-1 Month Momentum % is -32.41%.

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

FRA:LGC's 12-1 Month Momentum % is ranked worse than
93.18% of 807 companies
in the Capital Markets industry
Industry Median: 17.68 vs FRA:LGC: -32.41

Competitive Comparison of Heritage Global's 12-1 Month Momentum %

For the Capital Markets subindustry, Heritage Global'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.

Heritage Global's 12-1 Month Momentum % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Heritage Global's 12-1 Month Momentum % distribution charts can be found below:

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

Heritage Global (FRA:LGC) 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.

Heritage Global (FRA:LGC) 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.

Heritage Global 12-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Heritage Global's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.

Heritage Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Heritage Global Inc (FRA:LGC) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

HGBL:USA

Address

12625 High Bluff Drive, Suite 305, San Diego, CA, USA, 92130

Website

https://www.hginc.com

Heritage Global Inc values and monetizes industrial and financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. It aids in facilitating the economy by diverting useful industrial assets from landfills and operating a supply chain by overseeing the post-sale account activity of financial assets. The group operates in four segments namely Auction and Liquidation; Refurbishment and Resale; Brokerage and Specialty Lending. It generates maximum revenue from the Auction and Liquidation segment. The Auction and Liquidation segment, through HGP, operates as a global full-service auction, appraisal, and asset advisory firm, including the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment.