6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-25), Morningstar's 6-1 Month Momentum % is 36.12%.
The industry rank for Morningstar's 6-1 Month Momentum % or its related term are showing as below:
MORN's 6-1 Month Momentum % is ranked better than 76.32% of 815
companies
in the Capital Markets industry
Industry Median: 13.33
vs MORN: 36.12
Competitive Comparison of Morningstar's 6-1 Month Momentum %
For the Financial Data & Stock Exchanges subindustry, Morningstar'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.
Morningstar's 6-1 Month Momentum % Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Morningstar's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Morningstar'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.
Morningstar 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Morningstar's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Morningstar Inc is a provider of independent investment research to financial advisers, asset managers, and investors. The company focuses its operations on two core sectors: data and research. It offers data on investments such as mutual funds, stocks, exchange-traded funds, closed-end funds, separate accounts, and variable annuities. Further, the company tracks real-time market data of equity, derivative, and currency exchanges and other investments. In its research operation, Morningstar offers analyst research on passive and active mutual funds, alternative funds, and college saving plans. Morningstar's largest share of revenue is generated in the United States of America.
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