Geox SpA (MIL:GEO) 6-1 Month Momentum % : -16.53% (As of Dec. 16, 2024)

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What is Geox SpA 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 (2024-12-16), Geox SpA's 6-1 Month Momentum % is -16.53%.

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

MIL:GEO's 6-1 Month Momentum % is ranked worse than
78.49% of 1162 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: -1.015 vs MIL:GEO: -16.53

Competitive Comparison of Geox SpA's 6-1 Month Momentum %

For the Footwear & Accessories subindustry, Geox SpA'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.

Geox SpA's 6-1 Month Momentum % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Geox SpA's 6-1 Month Momentum % distribution charts can be found below:

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

Geox SpA (MIL:GEO) 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.

Geox SpA (MIL:GEO) 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.

Geox SpA 6-1 Month Momentum % Related Terms

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Geox SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Geox SpA (MIL:GEO) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

GHH:Germany

Address

Via Feltrina Centro, 16, Biadene di Montebelluna, Treviso, ITA, 31044

Website

https://www.geox.biz

Geox SpA is engaged in the production and sales of footwear and apparel to retail and end-customers under the Geox brand. Due to technological solutions. It also grants distribution rights and the use of the brand name to third parties in the markets where it has no direct presence. The operating segments of the group are based on its products, namely Footwear and Apparel. It derives a majority of the revenue from the Footwear segment which relates to the sale of footwear products. The company has a commercial presence in Italy, Europe, North America, and other countries where its key revenue comes from Europe.