6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2022-08-15), Atlas Air Worldwide Holdings's 6-1 Month Momentum % is -21.83%.
The industry rank for Atlas Air Worldwide Holdings's 6-1 Month Momentum % or its related term are showing as below:
AAWW's 6-1 Month Momentum % is ranked worse than 73.17% of 1010
companies
in the Transportation industry
Industry Median: -8.91
vs AAWW: -21.83
Competitive Comparison
For the Airports & Air Services subindustry, Atlas Air Worldwide Holdings'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.
Atlas Air Worldwide Holdings 6-1 Month Momentum % Distribution
For the Transportation industry and Industrials sector, Atlas Air Worldwide Holdings's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Atlas Air Worldwide Holdings's 6-1 Month Momentum % falls into.
Atlas Air Worldwide Holdings (NAS:AAWW) 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.
Atlas Air Worldwide Holdings (NAS:AAWW) 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.
Atlas Air Worldwide Holdings 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Atlas Air Worldwide Holdings's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Atlas Air Worldwide Holdings Inc, together with its subsidiaries, is a leading global provider of outsourced aircraft and aviation operating services. The company owns a fleet of freighters and passenger aircraft and leases additional aircraft and engines to expand its portfolio. It gives customers access to new production aircraft and offers crew, maintenance, and insurance services. In addition, the company operates a charter division to provide air cargo and passenger aircraft charters. Atlas Air customers include airlines, express delivery providers, freight forwarders, the U.S. military, and charter brokers. It provides global services to regions in Africa, Asia, Australia, Europe, the Middle East, and the Americas.
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