GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Steico SE (XTER:ST5) » Definitions » 6-1 Month Momentum %

Steico SE (XTER:ST5) 6-1 Month Momentum % : -1.53% (As of May. 04, 2024)


View and export this data going back to 2007. Start your Free Trial

What is Steico SE 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 (2024-05-04), Steico SE's 6-1 Month Momentum % is -1.53%.

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

XTER:ST5's 6-1 Month Momentum % is ranked worse than
56.91% of 304 companies
in the Forest Products industry
Industry Median: 2.2 vs XTER:ST5: -1.53

Competitive Comparison of Steico SE's 6-1 Month Momentum %

For the Lumber & Wood Production subindustry, Steico SE'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.


Steico SE's 6-1 Month Momentum % Distribution in the Forest Products Industry

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

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



Steico SE  (XTER:ST5) 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.


Steico SE  (XTER:ST5) 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.


Steico SE 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Steico SE's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Steico SE (XTER:ST5) Business Description

Traded in Other Exchanges
Address
Otto-Lilienthal-Ring 30, Feldkirchen, DEU, 85622
Steico SE is engaged in the production and sale of a variety of wood fiber insulation products in the European market. Its products include expansion joint fillers, thermal insulation, floor insulation system, multi-purpose rigid insulation boards, multi-purpose wood fiberboards, thermal insulation composite system, sarking, and sheathing boards, construction elements, laminated veneer lumber, sealing systems, and others. The company operates in Germany, European Countries, and the rest of the world.
Executives
Uwe Klaus Lange Board of Directors

Steico SE (XTER:ST5) Headlines

No Headlines