Tyro Payments (ASX:TYR) 6-1 Month Momentum % : 16.38% (As of Apr. 26, 2024)

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What is Tyro Payments 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 (2024-04-26), Tyro Payments's 6-1 Month Momentum % is 16.38%.

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

ASX:TYR's 6-1 Month Momentum % is ranked better than
54.19% of 2807 companies
in the Software industry
Industry Median: 6.02 vs ASX:TYR: 16.38

Competitive Comparison of Tyro Payments's 6-1 Month Momentum %

For the Software - Infrastructure subindustry, Tyro Payments'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.

Tyro Payments's 6-1 Month Momentum % Distribution in the Software Industry

For the Software industry and Technology sector, Tyro Payments's 6-1 Month Momentum % distribution charts can be found below:

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

Tyro Payments (ASX:TYR) 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.

Tyro Payments (ASX:TYR) 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.

Tyro Payments 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Tyro Payments's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.

Tyro Payments (ASX:TYR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tyro Payments Ltd (ASX:TYR) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

18/55 Market Street, Sydney, NSW, AUS, 2000

Website

https://www.tyro.com

Tyro Payments is an Australian financial technology company engaged in providing routing payments solutions and business banking products to merchants. The firm mainly caters to small to medium-size enterprises in the hospitality, retail and health sectors. It is also expanding its reach into the trade, accommodation and services verticals. Tyro's value propositions include extensive industry-specific solutions, ease of integration with point-of-sale systems, broad acceptance of payment types and a variety of ancillary features. Despite Tyro's historic focus on in-store sales, it is also building up online gateways to facilitate e-commerce transactions and build out a multichannel payment solution. Geographically, it operates only in Australia.

Tyro Payments (ASX:TYR) Headlines

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