Peoplein (ASX:PPE) 12-1 Month Momentum %

: -64.12% (As of Today)

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12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-19), Peoplein's 12-1 Month Momentum % is -64.12%.

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

ASX:PPE's 12-1 Month Momentum % is ranked worse than
96.03% of 1058 companies
in the Business Services industry
Industry Median: -0.41 vs ASX:PPE: -64.12

Competitive Comparison

For the Staffing & Employment Services subindustry, Peoplein'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.

Peoplein 12-1 Month Momentum % Distribution

For the Business Services industry and Industrials sector, Peoplein's 12-1 Month Momentum % distribution charts can be found below:

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

Peoplein (ASX:PPE) 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.

Peoplein (ASX:PPE) 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.

Peoplein 12-1 Month Momentum % Related Terms

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Peoplein (ASX:PPE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Peoplein Ltd (ASX:PPE) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

540 Wickham Street, Level 6, Fortitude Valley, QLD, AUS, 4006

Website

https://www.peoplein.com.au

Peoplein Ltd is a workforce management company. It delivers solutions to the workforce challenges faced by businesses in Australia. It provides recruiting, on-boarding, contracting, rostering, timesheet management, payroll, and workplace health and safety management. It also operates in disability care, childcare, infrastructure, mining, agriculture, and hospitality. It also operates under Health and Community Care, Information Technology and General Staffing, and Specialist Services. The Group segments the business into three verticals, Industrial and Specialist Services, Professional Services and Health and Community. The Group generates the majority of its revenue from Industrial and Specialist Services.

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