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), SP Plus's 12-1 Month Momentum % is 58.13%.
The industry rank for SP Plus's 12-1 Month Momentum % or its related term are showing as below:
SP's 12-1 Month Momentum % is ranked better than 88.72% of 1064
companies
in the Business Services industry
Industry Median: 2.2
vs SP: 58.13
Competitive Comparison of SP Plus's 12-1 Month Momentum %
For the Specialty Business Services subindustry, SP Plus'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.
SP Plus's 12-1 Month Momentum % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, SP Plus's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where SP Plus's 12-1 Month Momentum % falls into.
SP Plus (NAS:SP) 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.
SP Plus (NAS:SP) 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.
SP Plus 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of SP Plus's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
SP Plus Corp Provides parking management, ground transportation, and other ancillary services to commercial, institutional, and municipal clients in urban markets and airports across the United States, Canada, and Puerto Rico. Its services include a comprehensive set of on-site parking management and ground transportation services, In addition, the company also provides a range of ancillary services such as airport and municipal shuttle operations, valet services, taxi and livery dispatch services, and municipal meter revenue collection and enforcement services. Its reportable segments are Commercial and Aviation. The company generates a majority of its revenue from the Commercial segment.
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