What is Hovnanian Enterprises 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 (2024-04-29), Hovnanian Enterprises's 6-1 Month Momentum % is 136.50%.
The industry rank for Hovnanian Enterprises's 6-1 Month Momentum % or its related term are showing as below:
HOV's 6-1 Month Momentum % is ranked better than 95.5% of 111
companies
in the Homebuilding & Construction industry
Industry Median: 18.58
vs HOV: 136.50
Competitive Comparison of Hovnanian Enterprises's 6-1 Month Momentum %
For the Residential Construction subindustry, Hovnanian Enterprises'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.
Hovnanian Enterprises's 6-1 Month Momentum % Distribution in the Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Hovnanian Enterprises's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Hovnanian Enterprises's 6-1 Month Momentum % falls into.
* 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.
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.
Hovnanian Enterprises 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Hovnanian Enterprises's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Hovnanian Enterprises (Hovnanian Enterprises) Business Description
Hovnanian Enterprises Inc conducts all of its homebuilding and financial services operations . The company designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments. It has two distinct operations: homebuilding and financial services. Its homebuilding operations are divided geographically into three segments; Northeast which includes Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia and West Virginia; Southeast which includes Florida, Georgia and South Carolina; and West which includes Arizona, California and Texas. The firm generates maximum revenue from West Segment.
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