What is Matthews International 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 (2024-04-26), Matthews International's 6-1 Month Momentum % is -17.81%.
The industry rank for Matthews International's 6-1 Month Momentum % or its related term are showing as below:
MATW's 6-1 Month Momentum % is ranked worse than 87.22% of 579
companies
in the Conglomerates industry
Industry Median: 6.06
vs MATW: -17.81
Competitive Comparison of Matthews International's 6-1 Month Momentum %
For the Conglomerates subindustry, Matthews International'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.
Matthews International's 6-1 Month Momentum % Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Matthews International's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Matthews International's 6-1 Month Momentum % falls into.
Matthews International (NAS:MATW) 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.
Matthews International (NAS:MATW) 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.
Matthews International 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Matthews International's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Matthews International (Matthews International) Business Description
Matthews International Corp is a personal services company that primarily provides brand solution services, memorialization products, and industrial products in the United States and Europe. The majority of Matthews' revenue is derived from its SGK Brand Solutions business, which provides brand development services, printing equipment, creative design services, and embossing tools to the consumer packaged goods and packaging industries. The company's Memorialization segment, which sells bronze and granite memorials, caskets, and cremation equipment to the cemetery and funeral home industries, also contributes a significant amount. Most of Matthews' revenue is generated from sales made in the U.S., while European customers also contribute a sizable percentage.
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