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), Live Nation Entertainment's 6-1 Month Momentum % is 29.22%.
The industry rank for Live Nation Entertainment's 6-1 Month Momentum % or its related term are showing as below:
LYV's 6-1 Month Momentum % is ranked better than 80.79% of 1057
companies
in the Media - Diversified industry
Industry Median: 1.22
vs LYV: 29.22
Competitive Comparison
For the Entertainment subindustry, Live Nation Entertainment'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.
Live Nation Entertainment 6-1 Month Momentum % Distribution
For the Media - Diversified industry and Communication Services sector, Live Nation Entertainment's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Live Nation Entertainment's 6-1 Month Momentum % falls into.
Live Nation Entertainment (NYSE:LYV) 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.
Live Nation Entertainment (NYSE:LYV) 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.
Live Nation Entertainment 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Live Nation Entertainment's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Live Nation Entertainment (Live Nation Entertainment) Business Description
Live Nation is the largest live entertainment firm in the world with over 670 million fans served in 48 countries in 2022 by the company's concert and ticketing platforms. Via either owning, operating, or holding exclusive booking rights, Live Nation controls over 338 venues including the House of Blues. Live Nation also owns one of the largest ticketing services, Ticketmaster, which sold over 550 million tickets for over 12,000 clients in 2022. Its artist management agencies have over 400 clients. This large live entertainment footprint helped Live Nation become one of the largest advertising and sponsorship platforms aimed at music fans. Liberty Media owns 31% of Live Nation, held under its Sirius XM tracking stock. Liberty plans to spin off its stake into a dedicated tracking stock.
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