Kinnevik AB (OSTO:KINV A) 6-1 Month Momentum % : 16.24% (As of May. 19, 2024)

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What is Kinnevik 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 (2024-05-19), Kinnevik AB's 6-1 Month Momentum % is 16.24%.

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

OSTO:KINV A's 6-1 Month Momentum % is ranked better than
82.23% of 1745 companies
in the Asset Management industry
Industry Median: 3.84 vs OSTO:KINV A: 16.24

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

For the Asset Management subindustry, Kinnevik 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.

Kinnevik AB's 6-1 Month Momentum % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Kinnevik AB's 6-1 Month Momentum % distribution charts can be found below:

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

Kinnevik AB (OSTO:KINV A) 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.

Kinnevik AB (OSTO:KINV A) 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.

Kinnevik AB 6-1 Month Momentum % Related Terms

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Kinnevik AB (OSTO:KINV A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Kinnevik AB (OSTO:KINV A) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

KNKBF:USA KINV B:Sweden 0RGZ:UK IV6:Germany

Address

Skeppsbron 18, P.O. Box 2094, Stockholm, SWE, SE-103 13

Website

https://www.kinnevik.com

Kinnevik AB is an operationally oriented investment group with an entrepreneurial focus on building digital brands. It concentrates its growth-style investment efforts on four sectors: TMT, e-commerce and marketplaces, Healthcare and financial services. Nearly all of its capital is committed to the communication and e-commerce and marketplace sectors. The group, through its various subsidiaries, is geographically diversified and operationally present in over 80 countries. Kinnevik's bias is toward investing in emerging markets because of the opportunity afforded by these markets' reliance on legacy products and services. A key component of its strategy is to create consumer choice of solutions in markets where supply may have been previously constrained.

Kinnevik AB (OSTO:KINV A) Headlines

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