Delignit AG (XTER:DLX) 6-1 Month Momentum % : -27.06% (As of May. 17, 2024)

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What is Delignit AG 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 (2024-05-17), Delignit AG's 6-1 Month Momentum % is -27.06%.

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

XTER:DLX's 6-1 Month Momentum % is ranked worse than
84.04% of 307 companies
in the Forest Products industry
Industry Median: 0.22 vs XTER:DLX: -27.06

Competitive Comparison of Delignit AG's 6-1 Month Momentum %

For the Lumber & Wood Production subindustry, Delignit AG'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.

Delignit AG's 6-1 Month Momentum % Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Delignit AG's 6-1 Month Momentum % distribution charts can be found below:

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

Delignit AG (XTER:DLX) 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.

Delignit AG (XTER:DLX) 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.

Delignit AG 6-1 Month Momentum % Related Terms

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Delignit AG (XTER:DLX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Delignit AG (XTER:DLX) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

DLX:Germany DLX:Germany DLX:Germany

Address

Konigswinkel 2-6, Blomberg, NW, DEU, 32825

Website

http://www.delignit.com

Delignit AG develops, manufactures, and sells ecological, usually hardwood-based, materials and system solutions based on the natural, renewable, and CO2-neutral raw material and wood. The company's operating divisions are the Automotive target market, which is divided into the product groups of light commercial vehicles (LCV), motor caravans, and passenger cars; and the Technological Applications target market, which is divided into the product groups Building Equipment, Compressed Wood, Railfloor and Special Applications. Some of its brands are Delignit, VANYCARE, Festholz, Panzerholz, and carbonwood. Its geographical segments are Germany, European Union, and Others.

Executives