THUPY (Thule Group AB) 6-1 Month Momentum % : 5.27% (As of Dec. 14, 2024)

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What is Thule Group AB 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 (2024-12-14), Thule Group AB's 6-1 Month Momentum % is 5.27%.

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

THUPY's 6-1 Month Momentum % is ranked better than
74.46% of 881 companies
in the Travel & Leisure industry
Industry Median: -1.24 vs THUPY: 5.27

Competitive Comparison of Thule Group AB's 6-1 Month Momentum %

For the Leisure subindustry, Thule Group AB'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.

Thule Group AB's 6-1 Month Momentum % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Thule Group AB's 6-1 Month Momentum % distribution charts can be found below:

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

Thule Group AB (OTCPK:THUPY) 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.

Thule Group AB (OTCPK:THUPY) 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.

Thule Group AB 6-1 Month Momentum % Related Terms

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Thule Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Thule Group AB (OTCPK:THUPY) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

THULE:Sweden THULEs:UK 0R3W:UK TU0:Germany

Address

Fosievagen 13, Malmo, SWE, SE- 214 31

Website

https://www.thulegroup.com

Thule Group AB is a manufacturer of sports and outdoor products. It develops and manufactures premium products that facilitate an active outdoor life. Its product categories; Sport&Cargo Carriers (roof racks, roof boxes, and carriers for transporting cycling, water, and winter sports equipment, and rooftop tents mounted on a car), Juvenile & Pet Products (strollers, bike trailers, and child bike seats), RV Products (awnings, bike carriers and tents for RVs and caravans) and Packs, Bags & Luggage (hiking backpacks, luggage, and camera bags). It has two operating segments: Region Europe and ROW, and Region Americas. Geographic markets: Sweden, Other Nordic countries, Germany, Other Europe, the USA, Other North America, Central/South America, Asia/Pacific Rim, and the Rest of the world.