6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-04), Eastside Distilling's 6-1 Month Momentum % is -32.59%.
The industry rank for Eastside Distilling's 6-1 Month Momentum % or its related term are showing as below:
EAST's 6-1 Month Momentum % is ranked worse than 92.37% of 236
companies
in the Beverages - Alcoholic industry
Industry Median: -4.51
vs EAST: -32.59
Competitive Comparison of Eastside Distilling's 6-1 Month Momentum %
For the Beverages - Wineries & Distilleries subindustry, Eastside Distilling'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.
Eastside Distilling's 6-1 Month Momentum % Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Eastside Distilling's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Eastside Distilling's 6-1 Month Momentum % falls into.
* 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.
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.
Eastside Distilling 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Eastside Distilling's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Eastside Distilling (Eastside Distilling) Business Description
Eastside Distilling Inc is a producer and marketer of Craft Canning + Printing and spirits. Its alcoholic beverage categories include whiskey, vodka, gin, rum, tequila, and Ready-to-Drink. Some of its brands include Azunia Tequila, Hue-Hue Coffee Rum, Portland Potato Vodka, and Burnside Whiskey. It operates in a two segment of packaging, producing, marketing, and distributing alcoholic beverages. Craft Canning + Printing includes, Digital Can Printing, Co-packing Facility and Mobile Canning. The company distributes its products in 33 states of the United States.
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