Automax Motors (XTAE:AMX) 6-1 Month Momentum % : -37.03% (As of Jun. 25, 2024)

View and export this data going back to 2016. Start your Free Trial

What is Automax Motors 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 (2024-06-25), Automax Motors's 6-1 Month Momentum % is -37.03%.

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

XTAE:AMX's 6-1 Month Momentum % is ranked worse than
86.85% of 1308 companies
in the Vehicles & Parts industry
Industry Median: -2.78 vs XTAE:AMX: -37.03

Competitive Comparison of Automax Motors's 6-1 Month Momentum %

For the Auto & Truck Dealerships subindustry, Automax Motors'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.

Automax Motors's 6-1 Month Momentum % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Automax Motors's 6-1 Month Momentum % distribution charts can be found below:

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

Automax Motors (XTAE:AMX) 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.

Automax Motors (XTAE:AMX) 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.

Automax Motors 6-1 Month Momentum % Related Terms

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