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Brickworks (ASX:BKW) 6-1 Month Momentum %

: 18.25% (As of Today)
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6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2023-09-29), Brickworks's 6-1 Month Momentum % is 18.25%.

The industry rank for Brickworks's 6-1 Month Momentum % or its related term are showing as below:

ASX:BKW's 6-1 Month Momentum % is ranked better than
70.91% of 416 companies
in the Building Materials industry
Industry Median: 1.82 vs ASX:BKW: 18.25

Competitive Comparison

For the Building Materials subindustry, Brickworks's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 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.


Brickworks 6-1 Month Momentum % Distribution

For the Building Materials industry and Basic Materials sector, Brickworks's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Brickworks's 6-1 Month Momentum % falls in comparison to its industry or sector. The grey bar indicates the 6-1 Month Momentum %'s extreme value range as defined by GuruFocus.

Brickworks  (ASX:BKW) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %=( Price 1-month ago / Price 6-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.

Brickworks  (ASX:BKW) 6-1 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 6-1 Month Momentum % measures the total return to a stock over the past six 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.

Brickworks 6-1 Month Momentum % Related Terms

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Brickworks (ASX:BKW) Business Description

Brickworks logo
Traded in Other Exchanges
738 - 780 Wallgrove Road, Horsley Park, Sydney, NSW, AUS, 2175
Brickworks is Australia's largest manufacturer and distributor of bricks. The company was founded in 1934 by a group of leading Sydney brick manufacturers to survive the Great Depression. Over the years the company has diversified into roof tiles, pavers and precast concrete panels and has established a leading presence across all major states. Brickworks also holds a 26% interest in Washington H. Soul Pattinson (ASX:SOL). Shareholder value has been created via the sale of surplus industrial land or transferring it to an industrial real estate trust joint venture with the Goodman Group. More recently, Brickworks has entered the U.S. brick market via targeted acquisitions aimed at consolidating a fragmented industry.

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