6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-29), SPAR Group's 6-1 Month Momentum % is 5.15%.
The industry rank for SPAR Group's 6-1 Month Momentum % or its related term are showing as below:
SGRP's 6-1 Month Momentum % is ranked worse than 51.65% of 1090
companies
in the Business Services industry
Industry Median: 6.245
vs SGRP: 5.15
Competitive Comparison of SPAR Group's 6-1 Month Momentum %
For the Specialty Business Services subindustry, SPAR 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.
SPAR Group's 6-1 Month Momentum % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, SPAR Group's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where SPAR Group's 6-1 Month Momentum % falls into.
SPAR Group (NAS:SGRP) 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.
SPAR Group (NAS:SGRP) 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.
SPAR Group 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of SPAR Group's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
SPAR Group Inc is a supplier of merchandising and other marketing services. It also provides in-store event staffing, product sampling, audit services, furniture and other product assembly services, technology services and marketing research services. The company divides its operations into two reportable segments: Domestic division is comprised of all operations within the United States; and The International division is a consolidation of all other operations and joint ventures. Its customers are from retail and manufacturing segments. Its geographic presence is in Brazil, South Africa, Mexico, China, Japan, India, Canada, Australia, Turkey, and United States from where it generates maximum revenue.
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