6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-30), Warner Music Group's 6-1 Month Momentum % is 5.50%.
The industry rank for Warner Music Group's 6-1 Month Momentum % or its related term are showing as below:
WMG's 6-1 Month Momentum % is ranked better than 55.44% of 1066
companies
in the Media - Diversified industry
Industry Median: 3.665
vs WMG: 5.50
Competitive Comparison of Warner Music Group's 6-1 Month Momentum %
For the Entertainment subindustry, Warner Music Group'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.
Warner Music Group's 6-1 Month Momentum % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Warner Music Group's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Warner Music Group's 6-1 Month Momentum % falls into.
Warner Music Group (NAS:WMG) 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.
Warner Music Group (NAS:WMG) 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.
Warner Music Group 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Warner Music Group's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Warner Music Group (Warner Music Group) Business Description
Warner Music Group is the third largest of the three major global record labels, with Vivendi's Universal Music in first and Sony Music in second. Warner's larger segment, recorded music, consists of iconic labels like Atlantic Records, Warner Records, and Parlophone Records and popular artists such as Ed Sheeran, Cardi B, Dua Lipa, and Blake Shelton. Warner Chappell, the firm's publishing arm, is the home to over 65,000 composers and songwriters with over 1 million copyrights represented. Warner is controlled by Access Industries, which owns an 84% economic interest and 99% of voting rights.
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