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Nippon Avionics Co (STU:6NA) 6-1 Month Momentum % : 38.53% (As of Dec. 15, 2024)


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What is Nippon Avionics Co 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), Nippon Avionics Co's 6-1 Month Momentum % is 38.53%.

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

STU:6NA's 6-1 Month Momentum % is ranked better than
82.28% of 3031 companies
in the Industrial Products industry
Industry Median: 2.72 vs STU:6NA: 38.53

Competitive Comparison of Nippon Avionics Co's 6-1 Month Momentum %

For the Electrical Equipment & Parts subindustry, Nippon Avionics Co'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.


Nippon Avionics Co's 6-1 Month Momentum % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nippon Avionics Co's 6-1 Month Momentum % distribution charts can be found below:

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



Nippon Avionics Co  (STU:6NA) 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.


Nippon Avionics Co  (STU:6NA) 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.


Nippon Avionics Co 6-1 Month Momentum % Related Terms

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Nippon Avionics Co Business Description

Traded in Other Exchanges
Address
Gotanda Kowa Building, 8-1-5, Nishi-Gotanda, Shinagawa-ku, Tokyo, JPN, 141-0031
Nippon Avionics Co Ltd is a manufacturer of electronics equipment. The company is organized into three major business segments - Information System, Joining Equipment, and Infrared Thermography. Information System business provides device products and packaging technologies adopted for the development, manufacture and maintenance of various defence system equipment. The Micro Joining Equipment business active in the manufacture of electronic equipment and electronic parts. It offers a wide range of solutions including welding, soldering, thermocompression bonding, thermal caulking, sealing and ultrasonic bonding. The Infrared Thermography business develops, manufactures and sells infrared thermography camera that visualizes heat.

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