GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Soda Nikka Co Ltd (TSE:8158) » Definitions » 6-1 Month Momentum %

Soda Nikka Co (TSE:8158) 6-1 Month Momentum % : -1.49% (As of Mar. 14, 2025)


View and export this data going back to 1986. Start your Free Trial

What is Soda Nikka 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 (2025-03-14), Soda Nikka Co's 6-1 Month Momentum % is -1.49%.

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

TSE:8158's 6-1 Month Momentum % is ranked worse than
53.02% of 1590 companies
in the Chemicals industry
Industry Median: 1.68 vs TSE:8158: -1.49

Competitive Comparison of Soda Nikka Co's 6-1 Month Momentum %

For the Chemicals subindustry, Soda Nikka 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.


Soda Nikka Co's 6-1 Month Momentum % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Soda Nikka Co's 6-1 Month Momentum % distribution charts can be found below:

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



Soda Nikka Co  (TSE:8158) 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.


Soda Nikka Co  (TSE:8158) 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.


Soda Nikka Co 6-1 Month Momentum % Related Terms

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


Soda Nikka Co Business Description

Traded in Other Exchanges
N/A
Address
3-6-2, Nihonbashi, Tokyo, JPN
Soda Nikka Co Ltd is a Japan-based chemical manufacturer. The company is engaged in production and sale of soda products, inorganic chemicals, organic chemicals, petrochemical products, paper and pulp related chemicals, environmental chemicals and synthetic resin products. Its chemicals are used in industries, petrochemical products, electronic materials, and synthetic resin, as well as processed products, and containers.

Soda Nikka Co Headlines

No Headlines