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Sonmez Filament Sentetik Iplik Ve Elyafnayi AS (IST:SONME) 6-1 Month Momentum % : -17.42% (As of Dec. 13, 2024)


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What is Sonmez Filament Sentetik Iplik Ve Elyafnayi AS 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 (2024-12-13), Sonmez Filament Sentetik Iplik Ve Elyafnayi AS's 6-1 Month Momentum % is -17.42%.

The industry rank for Sonmez Filament Sentetik Iplik Ve Elyafnayi AS's 6-1 Month Momentum % or its related term are showing as below:

IST:SONME's 6-1 Month Momentum % is ranked worse than
83.49% of 1163 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.19 vs IST:SONME: -17.42

Competitive Comparison of Sonmez Filament Sentetik Iplik Ve Elyafnayi AS's 6-1 Month Momentum %

For the Textile Manufacturing subindustry, Sonmez Filament Sentetik Iplik Ve Elyafnayi AS'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.


Sonmez Filament Sentetik Iplik Ve Elyafnayi AS's 6-1 Month Momentum % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Sonmez Filament Sentetik Iplik Ve Elyafnayi AS's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Sonmez Filament Sentetik Iplik Ve Elyafnayi AS's 6-1 Month Momentum % falls into.



Sonmez Filament Sentetik Iplik Ve Elyafnayi AS  (IST:SONME) 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.


Sonmez Filament Sentetik Iplik Ve Elyafnayi AS  (IST:SONME) 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.


Sonmez Filament Sentetik Iplik Ve Elyafnayi AS 6-1 Month Momentum % Related Terms

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Sonmez Filament Sentetik Iplik Ve Elyafnayi AS Business Description

Traded in Other Exchanges
N/A
Address
Organize Sanayi Bolgesi Ali Osman Sonmez Bulvari No: 1, Bursa, TUR, 16372
Sonmez Filament Sentetik Iplik Ve Elyaf Sanayi AS is engaged in the production of a range of polyester yarn and fiber. The products include flat, twisted, fancy, elastic and colored yarn.

Sonmez Filament Sentetik Iplik Ve Elyafnayi AS Headlines

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