Firstrand (JSE:FSR) 6-1 Month Momentum %

: 3.51% (As of Today)

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6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-19), Firstrand's 6-1 Month Momentum % is 3.51%.

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

JSE:FSR's 6-1 Month Momentum % is ranked worse than
61.88% of 1561 companies
in the Banks industry
Industry Median: 7.65 vs JSE:FSR: 3.51

Competitive Comparison

For the Banks - Diversified subindustry, Firstrand'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.

Firstrand 6-1 Month Momentum % Distribution

For the Banks industry and Financial Services sector, Firstrand's 6-1 Month Momentum % distribution charts can be found below:

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

Firstrand (JSE:FSR) 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.

Firstrand (JSE:FSR) 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.

Firstrand 6-1 Month Momentum % Related Terms

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Firstrand (JSE:FSR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Firstrand Ltd (JSE:FSR) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

FANDY:USA FST:Namibia FSRA:Germany

Address

Corner Fredman Drive and Rivonia Road, 4 Merchant Place, C Low, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.firstrand.co.za

Firstrand Ltd wholly owns FirstRand Bank, a full-service bank providing a comprehensive range of retail, commercial, corporate and investment banking services in South Africa and offers niche products. The bank has three divisions, which are separately branded: First National Bank (FNB), WesBank and Rand Merchant Bank (RMB). The bank's retail and commercial brand is the contributor of normalized earnings, followed by its corporate and investment brand. FirstRand's retail and commercial division emphasizes a diverse range of financial services with a strategic emphasis on cost controls and digital platforms. The bank's corporate and investment brand heavily relies on its origination franchise as part of its value proposition.

Firstrand (JSE:FSR) Headlines

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