Ferrari NV (MIL:RACE) 12-1 Month Momentum %

: 59.26% (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 (2024-04-23), Ferrari NV's 12-1 Month Momentum % is 59.26%.

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

MIL:RACE's 12-1 Month Momentum % is ranked better than
83.56% of 1277 companies
in the Vehicles & Parts industry
Industry Median: 5.6 vs MIL:RACE: 59.26

Competitive Comparison

For the Auto Manufacturers subindustry, Ferrari NV'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.

Ferrari NV 12-1 Month Momentum % Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Ferrari NV's 12-1 Month Momentum % distribution charts can be found below:

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

Ferrari NV (MIL:RACE) 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.

Ferrari NV (MIL:RACE) 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.

Ferrari NV 12-1 Month Momentum % Related Terms

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Ferrari NV (MIL:RACE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ferrari NV (MIL:RACE) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

RACE:USA RACEN:Mexico RACEm:UK 0RDT:UK 2FE:Germany RACE:Austria

Address

Via Abetone Inferiore n. 4, Maranello, ITA, I-41053

Website

https://www.ferrari.com

Ferrari engineers and manufactures some of the world's most expensive exotic sports cars. The Ferrari brand is synonymous with Formula One racing, exclusivity, Italian design, and state-of-the-art technology. Ferrari also has a captive finance company that provides funding for dealers and clients. In 2022, Europe, Middle East, and Africa accounted for 48% of revenue, the Americas was 28%, China was 12%, and the rest of Asia was 12%.