Investor Centre (ASX:ICU) 6-1 Month Momentum % : -38.24% (As of Jun. 05, 2024)

View and export this data going back to 2006. Start your Free Trial

What is Investor Centre 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 (2024-06-05), Investor Centre's 6-1 Month Momentum % is -38.24%.

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

ASX:ICU's 6-1 Month Momentum % is ranked worse than
98.52% of 810 companies
in the Capital Markets industry
Industry Median: 5.255 vs ASX:ICU: -38.24

Competitive Comparison of Investor Centre's 6-1 Month Momentum %

For the Capital Markets subindustry, Investor Centre'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.

Investor Centre's 6-1 Month Momentum % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Investor Centre's 6-1 Month Momentum % distribution charts can be found below:

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

Investor Centre (ASX:ICU) 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.

Investor Centre (ASX:ICU) 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.

Investor Centre 6-1 Month Momentum % Related Terms

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

Investor Centre (ASX:ICU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Investor Centre Ltd (ASX:ICU) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Eagle Street, Level 19, Brisbane, QLD, AUS, 4000

Website

https://www.birfinancial.com.au

Investor Centre Ltd through its subsidiary provides financial services. The company is engaged in a diversified financial services business which provides financial services to private wholesale and institutional and corporate clients. Its primary source of continuing revenue is the provision of licensing to Corporate Authorised Representatives (CAR's) who act as Introducing Brokers (IB's) for broker platforms and master brokers.