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MAHLE-Metal Leve (BSP:LEVE3) 6-1 Month Momentum % : 9.48% (As of May. 05, 2024)


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What is MAHLE-Metal Leve 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 (2024-05-05), MAHLE-Metal Leve's 6-1 Month Momentum % is 9.48%.

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

BSP:LEVE3's 6-1 Month Momentum % is ranked better than
61.67% of 1294 companies
in the Vehicles & Parts industry
Industry Median: 1.58 vs BSP:LEVE3: 9.48

Competitive Comparison of MAHLE-Metal Leve's 6-1 Month Momentum %

For the Auto Parts subindustry, MAHLE-Metal Leve'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.


MAHLE-Metal Leve's 6-1 Month Momentum % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, MAHLE-Metal Leve's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where MAHLE-Metal Leve's 6-1 Month Momentum % falls into.



MAHLE-Metal Leve  (BSP:LEVE3) 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.


MAHLE-Metal Leve  (BSP:LEVE3) 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.


MAHLE-Metal Leve 6-1 Month Momentum % Related Terms

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MAHLE-Metal Leve (BSP:LEVE3) Business Description

Traded in Other Exchanges
N/A
Address
Ernst Mahle Avenue, number 2000, Mogi Guaçu, SP, BRA, 13846-146
MAHLE-Metal Leve SA is a Brazilian manufacturer of engine components for internal combustion engines and automotive filters. The company produces pistons and kits, rings, bearings, valves, valve trains, liners, and other engine components, which contribute the majority of revenue. Overall, Mahle Metal Leve sells roughly half of its product on domestic original equipment and aftermarket markets. The largest export markets are Europe and North America. Mahle Metal Leve is part of the German auto parts group Mahle.

MAHLE-Metal Leve (BSP:LEVE3) Headlines

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