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Persimmon (LSE:PSN) 12-1 Month Momentum %

: 0.19% (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), Persimmon's 12-1 Month Momentum % is 0.19%.

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

LSE:PSN's 12-1 Month Momentum % is ranked worse than
61.61% of 112 companies
in the Homebuilding & Construction industry
Industry Median: 11.485 vs LSE:PSN: 0.19

Competitive Comparison

For the Residential Construction subindustry, Persimmon'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.


Persimmon 12-1 Month Momentum % Distribution

For the Homebuilding & Construction industry and Consumer Cyclical sector, Persimmon's 12-1 Month Momentum % distribution charts can be found below:

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



Persimmon  (LSE:PSN) 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.


Persimmon  (LSE:PSN) 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.


Persimmon 12-1 Month Momentum % Related Terms

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Persimmon (LSE:PSN) Business Description

Traded in Other Exchanges
Address
Persimmon House, Fulford, York, GBR, YO19 4FE
Persimmon is the U.K.'s second largest residential property developer by revenue and dwelling completions, marketing homes under its three brands: Persimmon Homes, Charles Church, and Westbury Partnerships. Persimmon largely caters to the lower-priced segment of the newbuild market, attracting more first-time homebuyers than any of its peer homebuilders. Aligning with the typical business model employed by U.K. homebuilders, Persimmon is a vertically integrated speculative homebuilder.