6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-19), PENN Entertainment's 6-1 Month Momentum % is -13.15%.
The industry rank for PENN Entertainment's 6-1 Month Momentum % or its related term are showing as below:
PENN's 6-1 Month Momentum % is ranked worse than 78.48% of 869
companies
in the Travel & Leisure industry
Industry Median: 2.73
vs PENN: -13.15
Competitive Comparison
For the Resorts & Casinos subindustry, PENN Entertainment'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.
PENN Entertainment 6-1 Month Momentum % Distribution
For the Travel & Leisure industry and Consumer Cyclical sector, PENN Entertainment's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where PENN Entertainment's 6-1 Month Momentum % falls into.
PENN Entertainment (NAS:PENN) 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.
PENN Entertainment (NAS:PENN) 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.
PENN Entertainment 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of PENN Entertainment's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
PENN Entertainment (PENN Entertainment) Business Description
Penn Entertainment's origins date back to its 1972 racetrack opening in Pennsylvania. Today, Penn operates 43 properties across 20 states and 12 brands (such as Hollywood Casino and Ameristar), with land-based casinos representing 90% of total sales in 2022 (10% was from the interactive segment, which includes sports, iGaming, and media revenue). The retail portfolio generates high-30% EBITDAR margins and helps position the company to obtain licenses for the digital wagering markets. Additionally, Penn's media assets, theScore and ESPN (starting with its partnership launch Nov. 14, 2023), provide access to sports betting/iGaming technology and clientele, helping it form a leading digital position.
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