Silk Logistics Holdings (ASX:SLH) 6-1 Month Momentum % : -9.72% (As of May. 01, 2024)

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What is Silk Logistics Holdings 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 (2024-05-01), Silk Logistics Holdings's 6-1 Month Momentum % is -9.72%.

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

ASX:SLH's 6-1 Month Momentum % is ranked worse than
78.22% of 1047 companies
in the Transportation industry
Industry Median: 4.75 vs ASX:SLH: -9.72

Competitive Comparison of Silk Logistics Holdings's 6-1 Month Momentum %

For the Integrated Freight & Logistics subindustry, Silk Logistics Holdings'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.

Silk Logistics Holdings's 6-1 Month Momentum % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Silk Logistics Holdings's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Silk Logistics Holdings's 6-1 Month Momentum % falls into.

Silk Logistics Holdings (ASX:SLH) 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.

Silk Logistics Holdings (ASX:SLH) 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.

Silk Logistics Holdings 6-1 Month Momentum % Related Terms

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Silk Logistics Holdings (ASX:SLH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Silk Logistics Holdings Ltd (ASX:SLH) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

850 Lorimer Street, Unit 3, Port Melbourne, Melbourne, VIC, AUS, 3207

Website

https://www.silklogistics.com.au

Silk Logistics Holdings Ltd operates in the Australian logistics industry, delivering port-to-door, technology-enabled contract or third-party logistics and time certain Port Logistics services. The business provides these services to clients in several key industries, including, but not limited to FMCG, light industrial, food, specialised retail, and containerised agriculture. The company provides a one-stop shop for integrated port-to-door logistics, providing services in wharf cartage, warehousing, and domestic distribution, through its trading brands Silk Contract Logistics and Rocke Brothers. Its segment includes Port and Contract logistics out of which it generates a majority of its revenue from the Port logistics segment.