Price Index 1Y


This is an intermediate-term momentum measure similar to the 3 month and 6 month version. You can find a reference to an academic paper in Price Index 6M. According to this study, the most succesfull strategy selects stocks based on their 12 month return (= Price Index 1Y) and holds the portfolio for 3 months.

Price Index 1Y = Adjusted* share price now Adjusted* share price 12 months ago

* The share price is adjusted for stock splits, cash dividends, right offerings and spin-offs.