Steamships Trading Co (ASX:SST) 6-1 Month Momentum % : 11.21% (As of Apr. 28, 2024)

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What is Steamships Trading Co 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 (2024-04-28), Steamships Trading Co's 6-1 Month Momentum % is 11.21%.

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

ASX:SST's 6-1 Month Momentum % is ranked better than
61.14% of 1050 companies
in the Transportation industry
Industry Median: 5.1 vs ASX:SST: 11.21

Competitive Comparison of Steamships Trading Co's 6-1 Month Momentum %

For the Integrated Freight & Logistics subindustry, Steamships Trading Co'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.

Steamships Trading Co's 6-1 Month Momentum % Distribution in the Transportation Industry

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

* The bar in red indicates where Steamships Trading Co's 6-1 Month Momentum % falls into.

Steamships Trading Co (ASX:SST) 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.

Steamships Trading Co (ASX:SST) 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.

Steamships Trading Co 6-1 Month Momentum % Related Terms

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Steamships Trading Co (ASX:SST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Steamships Trading Co Ltd (ASX:SST) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

345, Stanley Esplanade, Section 20, Allotments 3, 4 and 5, Level 2 Granville, PO Box 1, National Capital District, Port Moresby, PNG, NCD 121

Website

https://www.steamships.com.pg

Steamships Trading Co Ltd is a diversified holding company. The company's operating segment includes Property and hospitality, Logistics, and Commercial & investment. It generates maximum revenue from the Logistics segment, which consists of shipping and land-based freight transport and related services divisions. The Property and hospitality segment consists of the hotels owned and operated by the group and also its property leasing division and Commercial and investment - which consists of commercial, head office administration function and insurance activities The group primarily operates in Papua New Guinea.