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Bayerische Motoren Werke AG (XTER:BMW) 6-1 Month Momentum % : -22.71% (As of Oct. 31, 2024)


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What is Bayerische Motoren Werke AG 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 (2024-10-31), Bayerische Motoren Werke AG's 6-1 Month Momentum % is -22.71%.

The industry rank for Bayerische Motoren Werke AG's 6-1 Month Momentum % or its related term are showing as below:

XTER:BMW's 6-1 Month Momentum % is ranked worse than
86.16% of 1301 companies
in the Vehicles & Parts industry
Industry Median: -2.86 vs XTER:BMW: -22.71

Competitive Comparison of Bayerische Motoren Werke AG's 6-1 Month Momentum %

For the Auto Manufacturers subindustry, Bayerische Motoren Werke AG'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.


Bayerische Motoren Werke AG's 6-1 Month Momentum % Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Bayerische Motoren Werke AG's 6-1 Month Momentum % falls into.



Bayerische Motoren Werke AG  (XTER:BMW) 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.


Bayerische Motoren Werke AG  (XTER:BMW) 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.


Bayerische Motoren Werke AG 6-1 Month Momentum % Related Terms

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Bayerische Motoren Werke AG Business Description

Address
Petuelring 130, Munich, BY, DEU, 80809
In addition to being one of the world's leading premium light-vehicle manufacturers, BMW Group produces BMW motorcycles and provides financial services. Premium light-vehicle brands include BMW, Mini, and ultraluxury brand Rolls-Royce. Operations include 31 production facilities in 15 countries, research and development facilities in 17 countries, and a sales network reaching over 140 countries. In 2023, worldwide sales volume was over 2.5 million automobiles and over 209,000 motorcycles.

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