GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nissin Foods Holdings Co Ltd (TSE:2897) » Definitions » 12-1 Month Momentum %

Nissin Foods Holdings Co (TSE:2897) 12-1 Month Momentum % : -21.89% (As of Dec. 16, 2024)


View and export this data going back to 1963. Start your Free Trial

What is Nissin Foods Holdings Co 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 (2024-12-16), Nissin Foods Holdings Co's 12-1 Month Momentum % is -21.89%.

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

TSE:2897's 12-1 Month Momentum % is ranked worse than
81.7% of 1989 companies
in the Consumer Packaged Goods industry
Industry Median: 0.18 vs TSE:2897: -21.89

Competitive Comparison of Nissin Foods Holdings Co's 12-1 Month Momentum %

For the Packaged Foods subindustry, Nissin Foods Holdings Co'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.


Nissin Foods Holdings Co's 12-1 Month Momentum % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nissin Foods Holdings Co's 12-1 Month Momentum % distribution charts can be found below:

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



Nissin Foods Holdings Co  (TSE:2897) 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.


Nissin Foods Holdings Co  (TSE:2897) 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.


Nissin Foods Holdings Co 12-1 Month Momentum % Related Terms

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


Nissin Foods Holdings Co Business Description

Traded in Other Exchanges
Address
1-1, 4-chome, Nishinakajima, Yodogawa-ku, Osaka, JPN, 532-8524
Nissin Foods is Japan's largest instant noodle manufacturer and was the first in the world to invent and launch instant noodles. It also invented the first instant noodle product in cup containers. Cup Noodles is its global brand, marketed in Asia, the Americas, and Europe. Instant noodles account for more than three fourths of group sales and 80% of operating profits, while Japan remains the key contributor, representing roughly 75% of group sales and 85% of profits. Other products include frozen/chilled noodles, confectionery, and lactic acid drinks.

Nissin Foods Holdings Co Headlines

No Headlines