CTI Logistics (ASX:CLX) 12-1 Month Momentum % : -18.38% (As of Apr. 27, 2024)

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What is CTI Logistics 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-27), CTI Logistics's 12-1 Month Momentum % is -18.38%.

The industry rank for CTI Logistics's 12-1 Month Momentum % or its related term are showing as below:

ASX:CLX's 12-1 Month Momentum % is ranked worse than
76.59% of 1038 companies
in the Transportation industry
Industry Median: -0.085 vs ASX:CLX: -18.38

Competitive Comparison of CTI Logistics's 12-1 Month Momentum %

For the Integrated Freight & Logistics subindustry, CTI Logistics's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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.

CTI Logistics's 12-1 Month Momentum % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, CTI Logistics's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where CTI Logistics's 12-1 Month Momentum % falls into.

CTI Logistics (ASX:CLX) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %

( Price 1-month ago

Price 12-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.

CTI Logistics (ASX:CLX) 12-1 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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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.

CTI Logistics 12-1 Month Momentum % Related Terms

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CTI Logistics (ASX:CLX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CTI Logistics Ltd (ASX:CLX) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Drummond Place, West Perth, Perth, WA, AUS, 6005

Website

https://www.ctilogistics.com

CTI Logistics Ltd is an integrated shipping and logistics company. It is organized into four operating segments, which are Transport, Logistics, Property, and Other. The Transport Services segment includes the provision of the courier, taxi truck, parcel distribution, and fleet management. Logistics services include the provision of warehousing and distribution, specialized flooring logistics, supply-based management services, and document storage services. The property segment includes rental of owner-occupied and investment property. The Other segment is engaged in the provision of security services.