Assa Abloy AB (Assa Abloy AB) 6-1 Month Momentum % : 27.18% (As of May. 04, 2024)

View and export this data going back to 2008. Start your Free Trial

What is Assa Abloy AB 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 (2024-05-04), Assa Abloy AB's 6-1 Month Momentum % is 27.18%.

The industry rank for Assa Abloy AB's 6-1 Month Momentum % or its related term are showing as below:

ASAZY's 6-1 Month Momentum % is ranked better than
79.56% of 1091 companies
in the Business Services industry
Industry Median: 3.64 vs ASAZY: 27.18

Competitive Comparison of Assa Abloy AB's 6-1 Month Momentum %

For the Security & Protection Services subindustry, Assa Abloy AB'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.

Assa Abloy AB's 6-1 Month Momentum % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Assa Abloy AB's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Assa Abloy AB's 6-1 Month Momentum % falls into.

Assa Abloy AB (OTCPK:ASAZY) 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.

Assa Abloy AB (OTCPK:ASAZY) 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.

Assa Abloy AB 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Assa Abloy AB's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.

Assa Abloy AB (Assa Abloy AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Assa Abloy AB (OTCPK:ASAZY) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

ASAZF:USA ASSA B:Sweden ASSABs:UK 0R87:UK ALZC:Germany

Address

Klarabergsviadukten 90, P.O. Box 70340, Stockholm, SWE, SE-107 23

Website

https://www.assaabloy.com

Assa Abloy is the world's largest supplier of locking and physical access solutions, sporting the world's largest installed base of locks that protect some of the most security-sensitive buildings, such as the European Parliament in Brussels. Three quarters of its revenue comes from government, commercial, and other nonresidential customers. The company's product base is centred on electromechanical locks, which require identification to unlock with a keycard, biometric scan, or personal identification number. Assa Abloy's products are sold directly to security systems integrators, locksmiths, hardware stores, and original equipment manufacturers.