AZIHF (Azimut Holding SpA) 6-1 Month Momentum % : -5.97% (As of Dec. 12, 2024)

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What is Azimut Holding SpA 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 (2024-12-12), Azimut Holding SpA's 6-1 Month Momentum % is -5.97%.

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

AZIHF's 6-1 Month Momentum % is ranked worse than
60.99% of 1733 companies
in the Asset Management industry
Industry Median: 2.86 vs AZIHF: -5.97

Competitive Comparison of Azimut Holding SpA's 6-1 Month Momentum %

For the Asset Management subindustry, Azimut Holding SpA'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.

Azimut Holding SpA's 6-1 Month Momentum % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Azimut Holding SpA's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Azimut Holding SpA's 6-1 Month Momentum % falls into.

Azimut Holding SpA (OTCPK:AZIHF) 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.

Azimut Holding SpA (OTCPK:AZIHF) 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.

Azimut Holding SpA 6-1 Month Momentum % Related Terms

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Azimut Holding SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Azimut Holding SpA (OTCPK:AZIHF) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

AZM:Italy AZMm:UK 0MHJ:UK HDB:Germany AZM:Austria

Address

Via Cusani 4, Milan, ITA, 20121

Website

https://www.azimut.it

Azimut Holding SpA is a large independent asset management firm operating primarily in Italy but with an increasingly global presence. In Italy, its capital management division sells and manages Italian mutual funds, Italian hedge funds, and is active in the discretionary management of individual investment portfolios. Its international business operations involve the sale, management, and distribution of financial and insurance products. Its portfolio solutions encompass a broad array of strategies that cut across various traditional and alternative asset classes. A majority of its revenue is derived from recurring fees from assets under management.