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NEXTAGE Co (TSE:3186) 6-1 Month Momentum % : 18.39% (As of May. 12, 2024)


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What is NEXTAGE Co 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), NEXTAGE Co's 6-1 Month Momentum % is 18.39%.

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

TSE:3186's 6-1 Month Momentum % is ranked better than
74.66% of 1306 companies
in the Vehicles & Parts industry
Industry Median: 1.25 vs TSE:3186: 18.39

Competitive Comparison of NEXTAGE Co's 6-1 Month Momentum %

For the Auto & Truck Dealerships subindustry, NEXTAGE Co'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.


NEXTAGE Co's 6-1 Month Momentum % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, NEXTAGE Co's 6-1 Month Momentum % distribution charts can be found below:

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



NEXTAGE Co  (TSE:3186) 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.


NEXTAGE Co  (TSE:3186) 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.


NEXTAGE Co 6-1 Month Momentum % Related Terms

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NEXTAGE Co (TSE:3186) Business Description

Traded in Other Exchanges
Address
1-26-8 Aoi Higashi-ku, Aichi Prefecture, Nagoya, JPN, 461-0004
NEXTAGE Co Ltd is principally engaged in the dealing of used cars. It is primarily involved in operation, maintenance, insurance agency and automobile dealing of retails used domestic cars as well as sells imported cars and SUV/vans. In addition, the company operates an automobile maintenance business.

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