What is The Hain Celestial Group 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 (2024-04-27), The Hain Celestial Group's 6-1 Month Momentum % is -31.08%.
The industry rank for The Hain Celestial Group's 6-1 Month Momentum % or its related term are showing as below:
HAIN's 6-1 Month Momentum % is ranked worse than 93.02% of 1990
companies
in the Consumer Packaged Goods industry
Industry Median: 1.675
vs HAIN: -31.08
Competitive Comparison of The Hain Celestial Group's 6-1 Month Momentum %
For the Packaged Foods subindustry, The Hain Celestial Group'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.
The Hain Celestial Group's 6-1 Month Momentum % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, The Hain Celestial Group's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where The Hain Celestial Group's 6-1 Month Momentum % falls into.
The Hain Celestial Group (NAS:HAIN) 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.
The Hain Celestial Group (NAS:HAIN) 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.
The Hain Celestial Group 6-1 Month Momentum % Related Terms
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The Hain Celestial Group (The Hain Celestial Group) Business Description
The Hain Celestial Group Inc makes better-for-you natural and organic food and personal-care products. Some of the company's majority-recognized U.S. brands (55% of fiscal 2022 sales) are Celestial Seasonings, Terra, Garden of Eatin', Sensible Portions, Greek Gods yogurt, and Earth's baby food. Hain also maintains several brands in the U.K. (26% of sales), such as Ella's Kitchen baby food, New Covent Garden soup, Linda McCartney's plant-based meats, Sun-Pat nut butter, and Hartley's jams and gelatins. Its products can be found in traditional grocery stores, natural foods supermarkets, specialty health stores, mass-market retailers, club warehouses, drugstores, convenience stores, restaurants, and e-commerce sites.
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