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Herfy Food Services Co (SAU:6002) 6-1 Month Momentum % : 2.57% (As of Jun. 01, 2024)


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What is Herfy Food Services Co 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 (2024-06-01), Herfy Food Services Co's 6-1 Month Momentum % is 2.57%.

The industry rank for Herfy Food Services Co's 6-1 Month Momentum % or its related term are showing as below:

SAU:6002's 6-1 Month Momentum % is ranked better than
59.2% of 348 companies
in the Restaurants industry
Industry Median: -0.535 vs SAU:6002: 2.57

Competitive Comparison of Herfy Food Services Co's 6-1 Month Momentum %

For the Restaurants subindustry, Herfy Food Services Co'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.


Herfy Food Services Co's 6-1 Month Momentum % Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Herfy Food Services Co's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Herfy Food Services Co's 6-1 Month Momentum % falls into.



Herfy Food Services Co  (SAU:6002) 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.


Herfy Food Services Co  (SAU:6002) 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.


Herfy Food Services Co 6-1 Month Momentum % Related Terms

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Herfy Food Services Co (SAU:6002) Business Description

Traded in Other Exchanges
N/A
Address
Riyadh-Mourouj Quarter, P.O. Box 86958, Al Moroug District, Al Riyadh, SAU, 11632
Herfy Food Services Co establishes, operates, and franchises restaurants in the Kingdom of Saudi Arabia. Its restaurants offer cooked meals to companies and others. The company also franchises restaurants in Kuwait, the United Arab Emirates, Egypt, and Bahrain; provides catering services; manufactures and sells meat products, as well as bakery and pastry, and sweets and chocolate products; and operates bakeries. In addition, it purchases and sells land for constructing buildings; and owns, uses, maintains, and leases stores and food store fridges.

Herfy Food Services Co (SAU:6002) Headlines

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