Inghams Group (ASX:ING) 6-1 Month Momentum % : 4.96% (As of Apr. 25, 2024)

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What is Inghams Group 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), Inghams Group's 6-1 Month Momentum % is 4.96%.

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

ASX:ING's 6-1 Month Momentum % is ranked better than
57.25% of 1986 companies
in the Consumer Packaged Goods industry
Industry Median: 1.51 vs ASX:ING: 4.96

Competitive Comparison of Inghams Group's 6-1 Month Momentum %

For the Farm Products subindustry, Inghams Group'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.

Inghams Group's 6-1 Month Momentum % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Inghams Group's 6-1 Month Momentum % distribution charts can be found below:

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

Inghams Group (ASX:ING) 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.

Inghams Group (ASX:ING) 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.

Inghams Group 6-1 Month Momentum % Related Terms

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Inghams Group (ASX:ING) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Inghams Group Ltd (ASX:ING) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

IH1:Germany

Address

1 Julius Avenue, Level 4, North Ryde, Sydney, NSW, AUS, 2113

Website

https://www.inghams.com.au

Inghams is the largest vertically integrated poultry producer in Australia and New Zealand. The firm enjoys a number-one position in Australia with approximately 40% market share and a number-two position in New Zealand with around 35% share. Inghams supplies poultry products, notably to major Australian supermarkets Woolworths and Coles, and quick-service restaurants McDonalds and KFC. Sales are heavily skewed toward poultry, which includes the production and sale of chicken and turkey products.