Interfor (Interfor) 6-1 Month Momentum %

: 31.17% (As of Today) 中文

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6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-23), Interfor's 6-1 Month Momentum % is 31.17%.

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

IFSPF's 6-1 Month Momentum % is ranked better than
82.51% of 303 companies
in the Forest Products industry
Industry Median: 1.96 vs IFSPF: 31.17

Competitive Comparison

For the Lumber & Wood Production subindustry, Interfor'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.

Interfor 6-1 Month Momentum % Distribution

For the Forest Products industry and Basic Materials sector, Interfor's 6-1 Month Momentum % distribution charts can be found below:

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

Interfor (OTCPK:IFSPF) 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.

Interfor (OTCPK:IFSPF) 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.

Interfor 6-1 Month Momentum % Related Terms

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Interfor (Interfor) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Interfor Corp (OTCPK:IFSPF) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

8IF1:Germany IFP:Canada

Address

1600-4720 Kingsway, Metrotower II, Burnaby, BC, CAN, V5H 4N2

Website

https://www.interfor.com

Interfor Corp produces and sells lumber, timber, and other wood products. The company operates sawmills to convert timber into lumber, logs, wood chips, and other wood products for sale. The firm also harvests timber for its sawmills on forest land owned by the Canadian government. Interfor pays the Canadian government stumpage fees based on the number of trees it harvests. The company's primary customers are in the construction and renovation industries. The majority of revenue is generated from the sale of lumber. The majority of Interfor's revenue comes from the United States.