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Essity AB (OSTO:ESSITY B) 6-1 Month Momentum % : 2.93% (As of May. 10, 2024)


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What is Essity AB 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 (2024-05-10), Essity AB's 6-1 Month Momentum % is 2.93%.

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

OSTO:ESSITY B's 6-1 Month Momentum % is ranked better than
54.93% of 1988 companies
in the Consumer Packaged Goods industry
Industry Median: 0.845 vs OSTO:ESSITY B: 2.93

Competitive Comparison of Essity AB's 6-1 Month Momentum %

For the Household & Personal Products subindustry, Essity AB'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.


Essity AB's 6-1 Month Momentum % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Essity AB's 6-1 Month Momentum % distribution charts can be found below:

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



Essity AB  (OSTO:ESSITY B) 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.


Essity AB  (OSTO:ESSITY B) 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.


Essity AB 6-1 Month Momentum % Related Terms

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Essity AB (OSTO:ESSITY B) Business Description

Address
Klarabergsviadukten 63, PO Box 200, Stockholm, SWE, SE-101 23
Essity is a health and hygiene company spun out of Svenska Cellulosa in June 2017. Essity's products span the feminine-care, baby-care, toilet paper, facial tissue, and wet wipes categories, as well as hand soap, hand sanitizers, and tissue dispensers for institutional customers. Essity also offers medical solutions in the form of wound care, orthopedics, and compression therapy, accounting for 7% of net sales in fiscal 2021. Essity operates in 150 markets and generates over 50% of its revenue in Europe, although it also maintains significant exposure to emerging markets (38% of net sales in 2021).

Essity AB (OSTO:ESSITY B) Headlines

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