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), Federated Hermes's 6-1 Month Momentum % is 17.48%.
The industry rank for Federated Hermes's 6-1 Month Momentum % or its related term are showing as below:
FHI's 6-1 Month Momentum % is ranked better than 65.65% of 1744
companies
in the Asset Management industry
Industry Median: 10.91
vs FHI: 17.48
Competitive Comparison of Federated Hermes's 6-1 Month Momentum %
For the Asset Management subindustry, Federated Hermes'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.
Federated Hermes's 6-1 Month Momentum % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Federated Hermes's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Federated Hermes'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.
Federated Hermes 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Federated Hermes's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Federated Hermes (Federated Hermes) Business Description
Federated provides asset management services for institutional and individual investors. The company had $715.2 billion in managed assets at the end of September 2023, composed of equity (11%), multi-asset (less than 1%), fixed-income (13%), alternative (3%), and money market (73%) funds. That said, the firm's cash-management operations are expected to generate around 46% of Federated's revenue this year, compared with 31%, 12%, and 11%, respectively, for the firm's equity, fixed-income, and alternatives/multi-asset operations. From a channel perspective, the company's products are distributed via trust banks, wealth managers and retail broker/dealers (63% of AUM), institutional investors (27%), and international clients (10%).
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