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Koninklijke Philips NV (BSP:PHGN34) 6-1 Month Momentum % : 10.61% (As of Dec. 11, 2024)


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What is Koninklijke Philips NV 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 (2024-12-11), Koninklijke Philips NV's 6-1 Month Momentum % is 10.61%.

The industry rank for Koninklijke Philips NV's 6-1 Month Momentum % or its related term are showing as below:

BSP:PHGN34's 6-1 Month Momentum % is ranked better than
55.85% of 854 companies
in the Medical Devices & Instruments industry
Industry Median: -3.405 vs BSP:PHGN34: 10.61

Competitive Comparison of Koninklijke Philips NV's 6-1 Month Momentum %

For the Medical Devices subindustry, Koninklijke Philips NV'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.


Koninklijke Philips NV's 6-1 Month Momentum % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Koninklijke Philips NV's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Koninklijke Philips NV's 6-1 Month Momentum % falls into.



Koninklijke Philips NV  (BSP:PHGN34) 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.


Koninklijke Philips NV  (BSP:PHGN34) 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.


Koninklijke Philips NV 6-1 Month Momentum % Related Terms

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Koninklijke Philips NV Business Description

Address
Philips Center, Amstelplein 2, Amsterdam, NLD, 1096 BC
Koninklijke Philips is a diversified global healthcare company operating in three segments: diagnosis and treatment, connected care, and personal health. Nearly 50% of the company's revenue comes from the diagnosis and treatment segment, which features imaging systems, ultrasound equipment, and image-guided therapy solutions. The connected care segment (around 30% of revenue) encompasses monitoring and analytics systems for hospitals, informatics business, and also houses the sleep and respiratory care segment. Personal health business (remainder of revenue) is mainly oral health and personal care product lines, which include electric toothbrushes and men's grooming and personal care products.

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