Esprinet SpA (MIL:PRT) 6-1 Month Momentum % : 6.68% (As of May. 25, 2024)

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What is Esprinet SpA 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 (2024-05-25), Esprinet SpA's 6-1 Month Momentum % is 6.68%.

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

MIL:PRT's 6-1 Month Momentum % is ranked better than
66.41% of 2480 companies
in the Hardware industry
Industry Median: -3.33 vs MIL:PRT: 6.68

Competitive Comparison of Esprinet SpA's 6-1 Month Momentum %

For the Electronics & Computer Distribution subindustry, Esprinet SpA'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.

Esprinet SpA's 6-1 Month Momentum % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Esprinet SpA's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Esprinet SpA's 6-1 Month Momentum % falls into.

Esprinet SpA (MIL:PRT) 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.

Esprinet SpA (MIL:PRT) 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.

Esprinet SpA 6-1 Month Momentum % Related Terms

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Esprinet SpA (MIL:PRT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Esprinet SpA (MIL:PRT) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

EP4A:Germany

Address

Via Energy Park, 20, Vimercate, ITA, 20871

Website

http://www.esprinet.com

Esprinet SpA is engaged in the wholesale distribution of IT and consumer electronics in Italy and Spain. Its is especially focused on delivering technology to resellers mainly addressing the small-to-midsize businesses (SMB). The companystructures its business into three sectors: business-to-business (B2B) distribution of information technology (IT) and consumer electronics; business-to-consumer (B2C) distribution of IT and consumer electronics, and business-to-business (B2B) distribution of microelectronic components. The company generates most of its revenue from Italian operations.