GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » VBG Group AB (CHIX:VBGBs) » Definitions » 6-1 Month Momentum %

VBG Group AB (CHIX:VBGBS) 6-1 Month Momentum % : 65.17% (As of Dec. 15, 2024)


View and export this data going back to 2016. Start your Free Trial

What is VBG Group AB 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 (2024-12-15), VBG Group AB's 6-1 Month Momentum % is 65.17%.

The industry rank for VBG Group AB's 6-1 Month Momentum % or its related term are showing as below:

CHIX:VBGBs's 6-1 Month Momentum % is ranked worse than
92.75% of 1310 companies
in the Vehicles & Parts industry
Industry Median: -4.095 vs CHIX:VBGBs: 65.17

Competitive Comparison of VBG Group AB's 6-1 Month Momentum %

For the Auto Parts subindustry, VBG Group AB'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.


VBG Group AB's 6-1 Month Momentum % Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where VBG Group AB's 6-1 Month Momentum % falls into.



VBG Group AB  (CHIX:VBGBs) 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.


VBG Group AB  (CHIX:VBGBs) 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.


VBG Group AB 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of VBG Group AB's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


VBG Group AB Business Description

Traded in Other Exchanges
Address
Kungsgatan 57, Box 1216, Trollhattan, SWE, SE-461 34
VBG Group AB is an international industrial group. The Parent Company VBG Group AB is a long-term owner that provides active management of the Group's three wholly owned divisions through considerable industrial expertise, a strong corporate culture and financial resilience. The Group's divisions - Truck & Trailer Equipment, Mobile Thermal Solutions and Ringfeder Power Transmission - develop, manufacture, market and sell products under strong, well-known brands all over the world.

VBG Group AB Headlines

No Headlines