What is Covenant Logistics 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 (2024-04-26), Covenant Logistics Group's 6-1 Month Momentum % is 9.02%.
The industry rank for Covenant Logistics Group's 6-1 Month Momentum % or its related term are showing as below:
CVLG's 6-1 Month Momentum % is ranked better than 58.63% of 1049
companies
in the Transportation industry
Industry Median: 4.42
vs CVLG: 9.02
Competitive Comparison of Covenant Logistics Group's 6-1 Month Momentum %
For the Trucking subindustry, Covenant Logistics 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.
Covenant Logistics Group's 6-1 Month Momentum % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Covenant Logistics Group's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Covenant Logistics Group's 6-1 Month Momentum % falls into.
Covenant Logistics Group (NAS:CVLG) 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.
Covenant Logistics Group (NAS:CVLG) 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.
Covenant Logistics Group 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Covenant Logistics Group's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Covenant Logistics Group (Covenant Logistics Group) Business Description
Covenant Logistics Group Inc together with its wholly-owned subsidiaries offers truckload transportation and freight brokerage services to customers throughout the continental United States. The company's reportable segments include Expedited, Dedicated Services, Managed Freight and Warehousing. Expedited segment provides truckload services to customers with high service freight and delivery standards. Dedicated segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length. Managed Freight segment includes brokerage services and TMS. Warehousing segment provides day-to-day warehouse management services to customers who have chosen to outsource this function. Majority of revenue is generated from expedited segment.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CVLG has been successfully added to your