IVCGF (Iveco Group NV) 6-1 Month Momentum % : -16.20% (As of Dec. 11, 2024)

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What is Iveco Group 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), Iveco Group NV's 6-1 Month Momentum % is -16.20%.

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

IVCGF's 6-1 Month Momentum % is ranked worse than
81.48% of 216 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: -1.43 vs IVCGF: -16.20

Competitive Comparison of Iveco Group NV's 6-1 Month Momentum %

For the Farm & Heavy Construction Machinery subindustry, Iveco Group 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.

Iveco Group NV's 6-1 Month Momentum % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Iveco Group NV's 6-1 Month Momentum % distribution charts can be found below:

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

Iveco Group NV (OTCPK:IVCGF) 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.

Iveco Group NV (OTCPK:IVCGF) 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.

Iveco Group NV 6-1 Month Momentum % Related Terms

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Iveco Group NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Iveco Group NV (OTCPK:IVCGF) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

IVG:Italy 0AB5:UK IVGm:UK R3D:Germany IVG:Austria

Address

Via Puglia n. 35, Turin, ITA, 10156

Website

https://www.ivecogroup.com

Iveco Group NV is engaged in the design, production, marketing, sale, servicing, and financing of trucks, commercial vehicles, buses, and specialty vehicles for firefighting, defense, and other uses, as well as combustion engines, alternative propulsion systems, transmissions, and axles. The group has three operating segments: Commercial and Specialty Vehicles, Powertrain and Financial Services. Majority of revenue is generated from Commercial and Specialty Vehicles. Commercial and Specialty Vehicles designs, manufactures and distributes a full range of light, medium, and heavy vehicles for the transportation and distribution of goods; city-buses, commuter buses; quarry and mining equipment. Geographically, majority of revenue is generated from Europe.