Zip Co (Zip Co) 12-1 Month Momentum % : 154.14% (As of May. 04, 2024)

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What is Zip 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 (2024-05-04), Zip Co's 12-1 Month Momentum % is 154.14%.

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

ZIZTF's 12-1 Month Momentum % is ranked better than
93.67% of 553 companies
in the Credit Services industry
Industry Median: 12.15 vs ZIZTF: 154.14

Competitive Comparison of Zip Co's 12-1 Month Momentum %

For the Credit Services subindustry, Zip 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.

Zip Co's 12-1 Month Momentum % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Zip Co's 12-1 Month Momentum % distribution charts can be found below:

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

Zip Co (OTCPK:ZIZTF) 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.

Zip Co (OTCPK:ZIZTF) 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.

Zip Co 12-1 Month Momentum % Related Terms

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Zip Co (Zip Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Zip Co Ltd (OTCPK:ZIZTF) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

ZIP:Australia

Address

126 Phillip Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.zipmoneylimited.com.au

Zip is a diversified finance provider, offering consumer financing via a line of credit (via Zip Pay and Zip Money) and instalment-based finance (via QuadPay, Spotii, Twisto, and PayFlex); as well as lending to small to midsize enterprises (via Zip Business). Zip's fortunes are largely tied to the buy now, pay later, or BNPL, industry. Most of its products—Zip Pay, QuadPay (Zip U.S.), and PayFlex—do not charge interest based on outstanding balances. Around 60%-70% of Zip Pay's/Zip Money's revenue is derived from customers, mainly via account fees and interest. Meanwhile, its instalment businesses primarily generate revenue by receiving a margin from merchants, which compensates it for accepting all nonpayment risk and for encouraging consumers to transact more frequently.