Apiam Animal Health (ASX:AHX) 6-1 Month Momentum % : 38.46% (As of Jun. 20, 2024)

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What is Apiam Animal Health 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 (2024-06-20), Apiam Animal Health's 6-1 Month Momentum % is 38.46%.

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

ASX:AHX's 6-1 Month Momentum % is ranked better than
94.5% of 109 companies
in the Personal Services industry
Industry Median: 2.08 vs ASX:AHX: 38.46

Competitive Comparison of Apiam Animal Health's 6-1 Month Momentum %

For the Personal Services subindustry, Apiam Animal Health'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.

Apiam Animal Health's 6-1 Month Momentum % Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Apiam Animal Health's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Apiam Animal Health's 6-1 Month Momentum % falls into.

Apiam Animal Health (ASX:AHX) 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.

Apiam Animal Health (ASX:AHX) 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.

Apiam Animal Health 6-1 Month Momentum % Related Terms

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Apiam Animal Health (ASX:AHX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Apiam Animal Health Ltd (ASX:AHX) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

27- 33 Piper Lane, East Bendigo, Bendigo, VIC, AUS, 3550

Website

https://www.apiam.com.au

Apiam Animal Health Ltd provides products and services to support the health and welfare of production and mixed animals. The company offers veterinary wholesale, warehousing, logistics, and other ancillary services. Its operating segments include Dairy and Mixed, Feedlots and Pigs. It generates the majority of its revenue from Dairy and Mixed.

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