12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-26), Trinet Group's 12-1 Month Momentum % is 60.00%.
The industry rank for Trinet Group's 12-1 Month Momentum % or its related term are showing as below:
TNET's 12-1 Month Momentum % is ranked better than 87.57% of 1062
companies
in the Business Services industry
Industry Median: 1.455
vs TNET: 60.00
Competitive Comparison of Trinet Group's 12-1 Month Momentum %
For the Staffing & Employment Services subindustry, Trinet Group'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.
Trinet Group's 12-1 Month Momentum % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Trinet Group's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Trinet Group's 12-1 Month Momentum % falls into.
Trinet Group (NYSE:TNET) 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.
Trinet Group (NYSE:TNET) 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.
Trinet Group 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Trinet Group's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TNET has been successfully added to your