6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-23), Liberty Formula One Group's 6-1 Month Momentum % is 0.49%.
The industry rank for Liberty Formula One Group's 6-1 Month Momentum % or its related term are showing as below:
FWONK's 6-1 Month Momentum % is ranked better than 51.65% of 1061
companies
in the Media - Diversified industry
Industry Median: 1.64
vs FWONK: 0.49
Competitive Comparison
For the Entertainment subindustry, Liberty Formula One 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.
Liberty Formula One Group 6-1 Month Momentum % Distribution
For the Media - Diversified industry and Communication Services sector, Liberty Formula One Group's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Liberty Formula One Group's 6-1 Month Momentum % falls into.
Liberty Formula One Group (NAS:FWONK) 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.
Liberty Formula One Group (NAS:FWONK) 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.
Liberty Formula One Group 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Liberty Formula One Group's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Liberty Formula One Group (Liberty Formula One Group) Business Description
Formula One Group controls the exclusive commercial and promotional rights to the FIA Formula One World Championship series, and the monetization of those rights is the primary business of the group. The firm is responsible for development and promotion of the Formula One race series in concert with its three partners: the FIA (the regulatory body), the teams that participate in the series, and the series' commercial partners, which include the race promoters, broadcasters, sponsors, and advertisers. The F1 schedule in 2023 will encompass 23 races held on five continents. Formula One Group is a subsidiary of Liberty Media, which purchased the firm in January 2017. Formula One stock is a tracking stock for the assets under Formula One Group with Liberty Media.
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