AHKSF (Asahi Kasei) 6-1 Month Momentum % : 10.98% (As of Dec. 15, 2024)

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What is Asahi Kasei 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-12-15), Asahi Kasei's 6-1 Month Momentum % is 10.98%.

The industry rank for Asahi Kasei's 6-1 Month Momentum % or its related term are showing as below:

AHKSF's 6-1 Month Momentum % is ranked better than
69.31% of 1574 companies
in the Chemicals industry
Industry Median: 0.81 vs AHKSF: 10.98

Competitive Comparison of Asahi Kasei's 6-1 Month Momentum %

For the Chemicals subindustry, Asahi Kasei's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 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.

Asahi Kasei's 6-1 Month Momentum % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Asahi Kasei's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Asahi Kasei's 6-1 Month Momentum % falls into.

Asahi Kasei (OTCPK:AHKSF) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-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.

Asahi Kasei (OTCPK:AHKSF) 6-1 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 6-1 Month Momentum % measures the total return to a stock over the past six 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.

Asahi Kasei 6-1 Month Momentum % Related Terms

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Asahi Kasei Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Asahi Kasei Corp (OTCPK:AHKSF) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

AHKSY:USA 3407:Japan ASAA:Germany

Address

1-105 Kanda Jinbocho, Chiyoda-ku, Tokyo, JPN, 101-8101

Website

http://www.asahi-kasei.co.jp

Asahi Kasei Corp is a holding company that, through its subsidiaries, sells a variety of products and services. The firm is organized into four segments based on product or service. The chemicals and fibers segment, which generates the most revenue of any segment, sells ammonia-based products including plastic compounds and cellulose fiber. The homes and construction segment builds residential houses and sells thermal insulation. The electronics segment sells components for mobile phones including electronic compasses and lithium-ion battery separators. The healthcare segment sells medical devices including blood purification, blood transfusion, and bioprocess products. The majority of revenue comes from Japan.