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MYT Netherlands Parent BV (MYT Netherlands Parent BV) 6-1 Month Momentum % : 35.02% (As of May. 23, 2024)


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What is MYT Netherlands Parent BV 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 (2024-05-23), MYT Netherlands Parent BV's 6-1 Month Momentum % is 35.02%.

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

MYTE's 6-1 Month Momentum % is ranked better than
80.89% of 1120 companies
in the Retail - Cyclical industry
Industry Median: -2.275 vs MYTE: 35.02

Competitive Comparison of MYT Netherlands Parent BV's 6-1 Month Momentum %

For the Luxury Goods subindustry, MYT Netherlands Parent BV'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.


MYT Netherlands Parent BV's 6-1 Month Momentum % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, MYT Netherlands Parent BV's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where MYT Netherlands Parent BV's 6-1 Month Momentum % falls into.



MYT Netherlands Parent BV  (NYSE:MYTE) 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.


MYT Netherlands Parent BV  (NYSE:MYTE) 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.


MYT Netherlands Parent BV 6-1 Month Momentum % Related Terms

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MYT Netherlands Parent BV (MYT Netherlands Parent BV) Business Description

Traded in Other Exchanges
N/A
Address
Einsteinring 9, Munich, BY, DEU, 85609
MYT Netherlands Parent BV is a luxury e-commerce platform. The company offers luxury fashion wear for men, women, and kids. Also, the company sells shoes, bags, and accessories.

MYT Netherlands Parent BV (MYT Netherlands Parent BV) Headlines

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