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Hennes & Mauritz AB (Hennes & Mauritz AB) 6-1 Month Momentum % : 10.85% (As of Apr. 29, 2024)


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What is Hennes & Mauritz AB 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 (2024-04-29), Hennes & Mauritz AB's 6-1 Month Momentum % is 10.85%.

The industry rank for Hennes & Mauritz AB's 6-1 Month Momentum % or its related term are showing as below:

HNNMY's 6-1 Month Momentum % is ranked better than
65.73% of 1173 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.73 vs HNNMY: 10.85

Competitive Comparison of Hennes & Mauritz AB's 6-1 Month Momentum %

For the Apparel Manufacturing subindustry, Hennes & Mauritz AB'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.


Hennes & Mauritz AB's 6-1 Month Momentum % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hennes & Mauritz AB's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Hennes & Mauritz AB's 6-1 Month Momentum % falls into.



Hennes & Mauritz AB  (OTCPK:HNNMY) 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.


Hennes & Mauritz AB  (OTCPK:HNNMY) 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.


Hennes & Mauritz AB 6-1 Month Momentum % Related Terms

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Hennes & Mauritz AB (Hennes & Mauritz AB) Business Description

Address
Master Samuelsgatan 46A, Stockholm, SWE, SE-106 38
Hennes & Mauritz is a global multibrand fashion conglomerate that was founded in 1947. Its flagship H&M brand accounts for most of revenue, but the newer brands (COS, &Other Stories, Monki, Weekday, and newly launched Arket) are growing a bit faster. H&M commands low-single-digit market share in a fragmented global apparel market. Just under 70% of revenue is generated in Europe and Africa, 14% in Asia and Oceania, and 23% in North and South America. The company operates around 4,400 stores globally of which 3,947 are H&M-brand stores.

Hennes & Mauritz AB (Hennes & Mauritz AB) Headlines