Caravelle International Group (Caravelle International Group) 6-1 Month Momentum % : 14.29% (As of May. 12, 2024)

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What is Caravelle International Group 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 (2024-05-12), Caravelle International Group's 6-1 Month Momentum % is 14.29%.

The industry rank for Caravelle International Group's 6-1 Month Momentum % or its related term are showing as below:

CACO's 6-1 Month Momentum % is ranked better than
69.14% of 1053 companies
in the Transportation industry
Industry Median: 4.27 vs CACO: 14.29

Competitive Comparison of Caravelle International Group's 6-1 Month Momentum %

For the Marine Shipping subindustry, Caravelle International 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.

Caravelle International Group's 6-1 Month Momentum % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Caravelle International Group's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Caravelle International Group's 6-1 Month Momentum % falls into.

Caravelle International Group (NAS:CACO) 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.

Caravelle International Group (NAS:CACO) 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.

Caravelle International Group 6-1 Month Momentum % Related Terms

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Caravelle International Group (Caravelle International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Caravelle International Group (NAS:CACO) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 06-17 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.caravelleglobal.com

Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company primarily derives freight revenue from voyage contracts and provides vessel service.