GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Trans Nationwide Express PLC (NSA:TRN) » Definitions » 12-1 Month Momentum %

Trans Nationwide Express (NSA:TRN) 12-1 Month Momentum % : 17.14% (As of Oct. 31, 2024)


View and export this data going back to 1992. Start your Free Trial

What is Trans Nationwide Express 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 (2024-10-31), Trans Nationwide Express's 12-1 Month Momentum % is 17.14%.

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

NSA:TRN's 12-1 Month Momentum % is not ranked
in the Transportation industry.
Industry Median: 7.46 vs NSA:TRN: 17.14

Competitive Comparison of Trans Nationwide Express's 12-1 Month Momentum %

For the Integrated Freight & Logistics subindustry, Trans Nationwide Express'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.


Trans Nationwide Express's 12-1 Month Momentum % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Trans Nationwide Express's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Trans Nationwide Express's 12-1 Month Momentum % falls into.



Trans Nationwide Express  (NSA:TRN) 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.


Trans Nationwide Express  (NSA:TRN) 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.


Trans Nationwide Express 12-1 Month Momentum % Related Terms

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


Trans Nationwide Express Business Description

Traded in Other Exchanges
N/A
Address
28, Oshodi Apapa Expressway, Oshodi, Lagos, NGA
Trans Nationwide Express PLC is a Logistics company engaged in domestic and International Express delivery, haulage, freight and other ancillary transportation and storage services. The company's services include Warehousing, E-Commerce/Order Fulfillment, Haulage Services, Air/sea Freight, Mailroom Management, Tranex Dedicated Motorcycle Service, Express Delivery and Tranex Biopharm/Cold Chain Solutions.