6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-27), Ryder System's 6-1 Month Momentum % is 24.13%.
The industry rank for Ryder System's 6-1 Month Momentum % or its related term are showing as below:
R's 6-1 Month Momentum % is ranked better than 75.21% of 1085
companies
in the Business Services industry
Industry Median: 5.22
vs R: 24.13
Competitive Comparison of Ryder System's 6-1 Month Momentum %
For the Rental & Leasing Services subindustry, Ryder System'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.
Ryder System's 6-1 Month Momentum % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Ryder System's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Ryder System's 6-1 Month Momentum % falls into.
Ryder System (NYSE:R) 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.
Ryder System (NYSE:R) 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.
Ryder System 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Ryder System's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ryder System Inc operates in three business segments: (1) Fleet Management Solutions which provides full-service leasing and leasing with flexible maintenance options, commercial rental and maintenance services of trucks, tractors and trailers to customers; (2) Supply Chain Solutions (SCS), which provides integrated logistics solutions, including distribution management, dedicated transportation, transportation management, brokerage, e-commerce, last mile, and professional services; and (3) Dedicated Transportation Solutions (DTS), which provides turnkey transportation solutions in the U.S., including dedicated vehicles, professional drivers, management, and administrative support.
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