What is Grocery Outlet Holding 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), Grocery Outlet Holding's 6-1 Month Momentum % is 0.95%.
The industry rank for Grocery Outlet Holding's 6-1 Month Momentum % or its related term are showing as below:
GO's 6-1 Month Momentum % is ranked worse than 59.45% of 328
companies
in the Retail - Defensive industry
Industry Median: 4.935
vs GO: 0.95
Competitive Comparison of Grocery Outlet Holding's 6-1 Month Momentum %
For the Grocery Stores subindustry, Grocery Outlet Holding'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.
Grocery Outlet Holding's 6-1 Month Momentum % Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Grocery Outlet Holding's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Grocery Outlet Holding's 6-1 Month Momentum % falls into.
* 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.
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.
Grocery Outlet Holding 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Grocery Outlet Holding's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Grocery Outlet Holding (Grocery Outlet Holding) Business Description
Grocery Outlet Holding Corp is a grocery store operator in the United States. Its flexible buying model allows them to offer quality, name-brand opportunistic products at prices generally 40% to 70% below those of conventional retailers. The stores are run by Entrepreneurial independent operators which create a neighborhood feel through personalized customer service and a localized product offering.
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