GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kohnan Shoji Co Ltd (TSE:7516) » Definitions » 6-1 Month Momentum %

Kohnan Shoji Co (TSE:7516) 6-1 Month Momentum % : -14.69% (As of Oct. 31, 2024)


View and export this data going back to 2001. Start your Free Trial

What is Kohnan Shoji 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 (2024-10-31), Kohnan Shoji Co's 6-1 Month Momentum % is -14.69%.

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

TSE:7516's 6-1 Month Momentum % is ranked worse than
78.27% of 1123 companies
in the Retail - Cyclical industry
Industry Median: -0.59 vs TSE:7516: -14.69

Competitive Comparison of Kohnan Shoji Co's 6-1 Month Momentum %

For the Home Improvement Retail subindustry, Kohnan Shoji 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.


Kohnan Shoji Co's 6-1 Month Momentum % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Kohnan Shoji Co's 6-1 Month Momentum % distribution charts can be found below:

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



Kohnan Shoji Co  (TSE:7516) 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.


Kohnan Shoji Co  (TSE:7516) 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.


Kohnan Shoji Co 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Kohnan Shoji Co's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Kohnan Shoji Co Business Description

Traded in Other Exchanges
N/A
Address
2-2-17 Nishimiyahara, Yodogawa-ku, Osaka, JPN, 532-0004
Kohnan Shoji Co Ltd is a Japan-based company that is principally engaged in retail of products related to home improvement, housekeeping, and automotive supplies and accessories. The company operates through three store chains with different styles: Home Center, mainly offering DIY products and household goods to improve consumers' home and life; Homestock, a small-format version of Home Center with original brands EDLP and Lifelex; and Kohnan Pro, providing tools, building materials, and working equipment for professionals. Most of the company's stores are Home Center stores.

Kohnan Shoji Co Headlines

No Headlines