MFF Capital Investments (ASX:MFF) 6-1 Month Momentum %

: 20.88% (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 (2024-04-19), MFF Capital Investments's 6-1 Month Momentum % is 20.88%.

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

ASX:MFF's 6-1 Month Momentum % is ranked better than
77.25% of 1741 companies
in the Asset Management industry
Industry Median: 7.97 vs ASX:MFF: 20.88

Competitive Comparison

For the Asset Management subindustry, MFF Capital Investments'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.

MFF Capital Investments 6-1 Month Momentum % Distribution

For the Asset Management industry and Financial Services sector, MFF Capital Investments's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where MFF Capital Investments's 6-1 Month Momentum % falls into.

MFF Capital Investments (ASX:MFF) 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.

MFF Capital Investments (ASX:MFF) 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.

MFF Capital Investments 6-1 Month Momentum % Related Terms

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MFF Capital Investments (ASX:MFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » MFF Capital Investments Ltd (ASX:MFF) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Martin Place, Level 36, Sydney, NSW, AUS, 2000

Website

https://www.mffcapital.com.au

MFF Capital Investments Ltd is an asset management company. The company invests in a minimum of twenty exchange-listed international and Australian companies. The company's investments are managed on a single portfolio basis, and in one business segment being equity investment, and in one geographic segment, Australia. The investment objective of the firm is to maximize compound risk-adjusted after-tax returns for shareholders by identifying and investing in a minimum of 20 stock exchange listed international and Australian companies with a focus upon those assessed to have attractive business characteristics, at a discount to their assessed intrinsic values.

MFF Capital Investments (ASX:MFF) Headlines

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