6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-05), The Shyft Group's 6-1 Month Momentum % is 3.16%.
The industry rank for The Shyft Group's 6-1 Month Momentum % or its related term are showing as below:
SHYF's 6-1 Month Momentum % is ranked worse than 60% of 215
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 8.26
vs SHYF: 3.16
Competitive Comparison of The Shyft Group's 6-1 Month Momentum %
For the Farm & Heavy Construction Machinery subindustry, The Shyft Group'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.
The Shyft Group's 6-1 Month Momentum % Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, The Shyft Group's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where The Shyft Group's 6-1 Month Momentum % falls into.
The Shyft Group (NAS:SHYF) 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.
The Shyft Group (NAS:SHYF) 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.
The Shyft Group 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of The Shyft Group's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
The Shyft Group (The Shyft Group) Business Description
The Shyft Group Inc is engaged in specialty vehicle manufacturing and assembly for the commercial vehicle (including last-mile delivery, specialty service and vocation-specific upfit segments) and recreational vehicle industries. Its products include walk-in vans, truck bodies, and cargo van and pick-up truck upfits used in e-commerce/parcel delivery, upfit equipment used in the mobile retail and utility trades, as well as luxury Class A diesel motorhome custom chassis and contract manufacturing and assembly services. It also supply replacement parts and offer repair, maintenance, field service and refurbishment services for the vehicles that company manufacture.
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