6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-17), Motorcar Parts of America's 6-1 Month Momentum % is 0.78%.
The industry rank for Motorcar Parts of America's 6-1 Month Momentum % or its related term are showing as below:
MPAA's 6-1 Month Momentum % is ranked better than 54.25% of 1294
companies
in the Vehicles & Parts industry
Industry Median: -1.37
vs MPAA: 0.78
Competitive Comparison
For the Auto Parts subindustry, Motorcar Parts of America'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.
Motorcar Parts of America 6-1 Month Momentum % Distribution
For the Vehicles & Parts industry and Consumer Cyclical sector, Motorcar Parts of America's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Motorcar Parts of America's 6-1 Month Momentum % falls into.
Motorcar Parts of America (NAS:MPAA) 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.
Motorcar Parts of America (NAS:MPAA) 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.
Motorcar Parts of America 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Motorcar Parts of America's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Motorcar Parts of America (Motorcar Parts of America) Business Description
Motorcar Parts of America Inc is a us-based manufacturer, remanufacturer, and distributor of aftermarket automotive and light truck applications. It manufactures and distributes heavy-duty truck and industrial and agricultural application parts. It produces starter engines, alternators, hub assemblies, bearings, and master cylinders. The company supplies its products to the automotive aftermarket either under its own brands, as part of a private-label service, or to warranty replacement programs of automobile manufacturers. It primarily sells rotating electrical products, wheel hub products, brake master cylinders products in the us, of which a majority of the revenue is derived from the sales of rotating electrical products.
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