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Dektra (WAR:DKR) 6-1 Month Momentum % : -3.09% (As of Jul. 16, 2024)


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What is Dektra 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 (2024-07-16), Dektra's 6-1 Month Momentum % is -3.09%.

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

WAR:DKR's 6-1 Month Momentum % is ranked worse than
53.05% of 426 companies
in the Building Materials industry
Industry Median: -2.74 vs WAR:DKR: -3.09

Competitive Comparison of Dektra's 6-1 Month Momentum %

For the Building Materials subindustry, Dektra'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.


Dektra's 6-1 Month Momentum % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Dektra's 6-1 Month Momentum % distribution charts can be found below:

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



Dektra  (WAR:DKR) 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.


Dektra  (WAR:DKR) 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.


Dektra 6-1 Month Momentum % Related Terms

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Dektra (WAR:DKR) Business Description

Traded in Other Exchanges
N/A
Address
Ulica Rowninna 29-31, Torun, POL, 87-100
Dektra SA is engaged in the production and wholesale distribution of insulation materials for the construction, agricultural, horticultural and industrial sectors. The company offers its services to large network customers, purchasing groups and multi-branch wholesalers.

Dektra (WAR:DKR) Headlines

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