Asahi Group Holdings (Asahi Group Holdings) 6-1 Month Momentum % : -3.52% (As of Apr. 25, 2024)

View and export this data going back to 2002. Start your Free Trial

What is Asahi Group Holdings 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 (2024-04-25), Asahi Group Holdings's 6-1 Month Momentum % is -3.52%.

The industry rank for Asahi Group Holdings's 6-1 Month Momentum % or its related term are showing as below:

ASBRF's 6-1 Month Momentum % is ranked better than
64.26% of 235 companies
in the Beverages - Alcoholic industry
Industry Median: -2.74 vs ASBRF: -3.52

Competitive Comparison of Asahi Group Holdings's 6-1 Month Momentum %

For the Beverages - Brewers subindustry, Asahi Group Holdings'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.

Asahi Group Holdings's 6-1 Month Momentum % Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Asahi Group Holdings's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Asahi Group Holdings's 6-1 Month Momentum % falls into.

Asahi Group Holdings (OTCPK:ASBRF) 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.

Asahi Group Holdings (OTCPK:ASBRF) 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.

Asahi Group Holdings 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Asahi Group Holdings's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.

Asahi Group Holdings (Asahi Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Asahi Group Holdings Ltd (OTCPK:ASBRF) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

2502:Japan ABW:Germany

Address

1-23-1, Azumabashi, Sumida-ku, Tokyo, JPN, 130-8602

Website

http://www.asahigroup-holdings.com

Asahi is a leading brewer in Japan with an estimated 36.5% market share by volume in Japan's beer and beer-like market, led by its Asahi Super Dry beer brand. It also operates a wide range of acholic and soft beverage products as well as packaged foods, mainly in Japan. It has made inroads into Europe through acquisitions of SABMiller's brands including Peroni and Pilsner Urquell in Western and Central Europe in 2016 and 2017. The acquisition of Carlton United Breweries has granted Asahi the leading market share in Australia's beer market with Great Northern the leading brand. East Asia including China and Southeast Asia are the other overseas markets where Asahi is growing. Overseas business represents nearly half of the group sales and 60% of business profits.