GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Alps Alpine Co Ltd (OTCPK:APELF) » Definitions » 6-1 Month Momentum %

APELF (Alps Alpine Co) 6-1 Month Momentum % : 43.53% (As of Dec. 14, 2024)


View and export this data going back to 2014. Start your Free Trial

What is Alps Alpine Co 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 (2024-12-14), Alps Alpine Co's 6-1 Month Momentum % is 43.53%.

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

APELF's 6-1 Month Momentum % is ranked better than
55.22% of 2461 companies
in the Hardware industry
Industry Median: -0.87 vs APELF: 43.53

Competitive Comparison of Alps Alpine Co's 6-1 Month Momentum %

For the Electronic Components subindustry, Alps Alpine Co'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.


Alps Alpine Co's 6-1 Month Momentum % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Alps Alpine Co's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Alps Alpine Co's 6-1 Month Momentum % falls into.



Alps Alpine Co  (OTCPK:APELF) 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.


Alps Alpine Co  (OTCPK:APELF) 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.


Alps Alpine Co 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Alps Alpine Co's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Alps Alpine Co Business Description

Traded in Other Exchanges
Address
1-7, Yukigaya-otsukamachi, Ota-ku, Tokyo, JPN, 145-8501
Alps Alpine Co Ltd operates in two major business segments: electronic components, automotive infotainment, lodistics and others.. The electronic components segment develops, manufactures, and sells a broad range of electronic components in both consumer and automotive markets. The automotive infotainment segment develops, produces, and markets audio, information, and communication equipment. The company generates the majority of revenue from the electronic components segment and the automotive infotainment segment. It has a business presence worldwide, with the United States, Japan, China, and Germany its four largest markets.

Alps Alpine Co Headlines