Santova (JSE:SNV) 6-1 Month Momentum % : -10.80% (As of Dec. 15, 2024)

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What is Santova 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), Santova's 6-1 Month Momentum % is -10.80%.

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

JSE:SNV's 6-1 Month Momentum % is ranked worse than
72.57% of 1050 companies
in the Transportation industry
Industry Median: -0.645 vs JSE:SNV: -10.80

Competitive Comparison of Santova's 6-1 Month Momentum %

For the Integrated Freight & Logistics subindustry, Santova'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.

Santova's 6-1 Month Momentum % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Santova's 6-1 Month Momentum % distribution charts can be found below:

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

Santova (JSE:SNV) 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.

Santova (JSE:SNV) 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.

Santova 6-1 Month Momentum % Related Terms

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Santova Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Santova Ltd (JSE:SNV) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 3 West, 1 Ncondo Place, Umhlanga Ridge, Umhlanga, NL, ZAF, 4319

Website

https://www.santova.com

Santova Ltd is a South African firm engaged in the international trade solutions business. Its core services are Supply chain solutions, business intelligence, logistic services, Client Sourcing, Procurement Management Services, Express sensitive services, and financial services. The company operates in three segments, namely Logistics services segment is into the coordination and control over the forward and reverse movement of client's goods across the entire supply chain from source to destination; Financial services comprise insurance and related services and the Head office segment provides support services to all group's business unit. Majority of its revenue is derived from the Logistics segment. Its geographical segments include Africa, Asia Pacific, UK, North America and Europe.