El AL Israel Airlines (El AL Israel Airlines) 6-1 Month Momentum % : 33.00% (As of Apr. 28, 2024)

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What is El AL Israel Airlines 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), El AL Israel Airlines's 6-1 Month Momentum % is 33.00%.

The industry rank for El AL Israel Airlines's 6-1 Month Momentum % or its related term are showing as below:

ELALF's 6-1 Month Momentum % is ranked better than
97.62% of 1050 companies
in the Transportation industry
Industry Median: 5.1 vs ELALF: 33.00

Competitive Comparison of El AL Israel Airlines's 6-1 Month Momentum %

For the Airlines subindustry, El AL Israel Airlines'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.

El AL Israel Airlines's 6-1 Month Momentum % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, El AL Israel Airlines's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where El AL Israel Airlines's 6-1 Month Momentum % falls into.

El AL Israel Airlines (OTCPK:ELALF) 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.

El AL Israel Airlines (OTCPK:ELALF) 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.

El AL Israel Airlines 6-1 Month Momentum % Related Terms

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El AL Israel Airlines (El AL Israel Airlines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » El AL Israel Airlines Ltd (OTCPK:ELALF) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

ELAL:Israel

Address

PO Box 41, Ben Gurion Airport, Lod, ISR, 7015001

Website

http://www.elal.co.il

El AL Israel Airlines Ltd is an international airline company which provides air transportation of passengers and cargo in Israel and overseas, by means of passenger aircraft and cargo aircraft. The company's passenger aircraft mainly operate scheduled flights as well as charter flights. The group is engaged in activities related to the air transport operations, such as the sale of duty-free products, food production, and supply mainly to the company's aircraft, providing security services, ongoing maintenance services and overall maintenance services to aircraft of other airlines at Ben Gurion Airport, and managing travel agencies abroad. The reporting segments of the company are air transport on passenger aircraft, and air transport on cargo plane.