PRL Global (ASX:PRG) 6-1 Month Momentum % : -14.90% (As of Apr. 25, 2024)

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What is PRL Global 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-25), PRL Global's 6-1 Month Momentum % is -14.90%.

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

ASX:PRG's 6-1 Month Momentum % is ranked worse than
84.86% of 1037 companies
in the Transportation industry
Industry Median: 5.23 vs ASX:PRG: -14.90

Competitive Comparison of PRL Global's 6-1 Month Momentum %

For the Integrated Freight & Logistics subindustry, PRL Global'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.

PRL Global's 6-1 Month Momentum % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PRL Global's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where PRL Global's 6-1 Month Momentum % falls into.

PRL Global (ASX:PRG) 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.

PRL Global (ASX:PRG) 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.

PRL Global 6-1 Month Momentum % Related Terms

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PRL Global (ASX:PRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PRL Global Ltd (ASX:PRG) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Thorogood Street, Burswood, Perth, WA, AUS, 6100

Website

https://www.prlgroup.com.au

PRL Global Ltd Formerly CI Resources Ltd. is a diversified industrial company. Its core business is in providing phosphate rock to primarily South-east Asian markets. The operating segments of the company include Fertilizer, Farming, and Logistics. The majority of the group's revenue is generated by the logistics division. The Logistics operating segment primarily involves trading, importing, and exporting commodities. It operates in the following geographic areas: Australia, Malaysia, and Singapore. Geographically, the company receives maximum revenue from Australia.