GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Maeil Dairies Co Ltd (XKRX:267980) » Definitions » 6-1 Month Momentum %

Maeil Dairies Co (XKRX:267980) 6-1 Month Momentum % : -2.83% (As of Oct. 31, 2024)


View and export this data going back to 2017. Start your Free Trial

What is Maeil Dairies 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), Maeil Dairies Co's 6-1 Month Momentum % is -2.83%.

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

XKRX:267980's 6-1 Month Momentum % is ranked worse than
56.96% of 2012 companies
in the Consumer Packaged Goods industry
Industry Median: -0.11 vs XKRX:267980: -2.83

Competitive Comparison of Maeil Dairies Co's 6-1 Month Momentum %

For the Packaged Foods subindustry, Maeil Dairies 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.


Maeil Dairies Co's 6-1 Month Momentum % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Maeil Dairies Co's 6-1 Month Momentum % distribution charts can be found below:

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



Maeil Dairies Co  (XKRX:267980) 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.


Maeil Dairies Co  (XKRX:267980) 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.


Maeil Dairies Co 6-1 Month Momentum % Related Terms

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


Maeil Dairies Co Business Description

Traded in Other Exchanges
N/A
Address
The Twin Towers K, 50 Jong-ro 1-gil, Jongno-gu, Seoul, KOR, 03142
Maeil Dairies Co Ltd is engaged in the business areas of milk processing, nutritional food, and beverages. The products of the company include milk, yogurt, cheese, infant formula, baby food, coffee, juice, and soy milk among others.

Maeil Dairies Co Headlines

No Headlines