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CAles Holdings (JSE:CAA) 6-1 Month Momentum % : 19.29% (As of May. 12, 2024)


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What is CAles 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 (2024-05-12), CAles Holdings's 6-1 Month Momentum % is 19.29%.

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

JSE:CAA's 6-1 Month Momentum % is ranked better than
58.46% of 1088 companies
in the Business Services industry
Industry Median: 3.61 vs JSE:CAA: 19.29

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

For the Specialty Business Services subindustry, CAles 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.


CAles Holdings's 6-1 Month Momentum % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CAles Holdings's 6-1 Month Momentum % distribution charts can be found below:

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



CAles Holdings  (JSE:CAA) 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.


CAles Holdings  (JSE:CAA) 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.


CAles Holdings 6-1 Month Momentum % Related Terms

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CAles Holdings (JSE:CAA) Business Description

Traded in Other Exchanges
Address
254 Hall Street, 1st Floor, Building C, Westend Office Park, Centurion, GT, ZAF, 0157
CA Sales Holdings Ltd operates within the Fast-Moving Consumer Goods industry and delivers services to blue chip manufacturers. The services include warehousing and distribution, retail execution and advisory, retail support, training, and technology and data solutions. The company's geographical presence across Southern Africa operating in Botswana, Eswatini, Lesotho, Mauritius, Namibia, South Africa, Zambia and Zimbabwe. It generates maximum revenue from Botswana region.

CAles Holdings (JSE:CAA) Headlines

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