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), Expeditors International of Washington's 6-1 Month Momentum % is 0.04%.
The industry rank for Expeditors International of Washington's 6-1 Month Momentum % or its related term are showing as below:
EXPD's 6-1 Month Momentum % is ranked worse than 58.85% of 1045
companies
in the Transportation industry
Industry Median: 3.9
vs EXPD: 0.04
Competitive Comparison
For the Integrated Freight & Logistics subindustry, Expeditors International of Washington'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.
Expeditors International of Washington 6-1 Month Momentum % Distribution
For the Transportation industry and Industrials sector, Expeditors International of Washington's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Expeditors International of Washington's 6-1 Month Momentum % falls into.
Expeditors International of Washington (NYSE:EXPD) 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.
Expeditors International of Washington (NYSE:EXPD) 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.
Expeditors International of Washington 6-1 Month Momentum % Related Terms
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Expeditors International of Washington (Expeditors International of Washington) Business Description
Expeditors International of Washington is a non-asset-based third-party logistics provider, mainly focused on international freight forwarding. Its offers freight consolidation and forwarding, customs brokerage, warehousing and distribution, purchase order management, vendor consolidation, and numerous other value-added logistics services. It employs sophisticated IT systems and contracts with airlines and ocean carriers to move customers' freight across the globe. The firm operates more than 200 full-service office locations worldwide, in addition to numerous satellite locations. In 2022, Expeditors derived 34% of consolidated net revenue from airfreight, 30% from ocean freight, and 36% from customs brokerage and other services.
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