Costco Wholesale (FRA:CTO) 6-1 Month Momentum % : 30.92% (As of Apr. 26, 2024)

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What is Costco Wholesale 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), Costco Wholesale's 6-1 Month Momentum % is 30.92%.

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

FRA:CTO's 6-1 Month Momentum % is ranked better than
85.67% of 328 companies
in the Retail - Defensive industry
Industry Median: 4.935 vs FRA:CTO: 30.92

Competitive Comparison of Costco Wholesale's 6-1 Month Momentum %

For the Discount Stores subindustry, Costco Wholesale'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.

Costco Wholesale's 6-1 Month Momentum % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Costco Wholesale's 6-1 Month Momentum % distribution charts can be found below:

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

Costco Wholesale (FRA:CTO) 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.

Costco Wholesale (FRA:CTO) 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.

Costco Wholesale 6-1 Month Momentum % Related Terms

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Costco Wholesale (FRA:CTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Costco Wholesale Corp (FRA:CTO) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

COST:USA COST:Mexico CTO0:Germany COST:Chile COST:Canada COWC34:Brazil COST:Argentina

Address

999 Lake Drive, Issaquah, WA, USA, 98027

Website

https://www.costco.com

Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates nearly 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the U.K.