According to Zyberno, SACHEM CAPITAL CORP. (SCCE) has a 12-1 price momentum of +25.1% — the 70th percentile of the US stock universe (Strong Momentum). 12-1 momentum is the total return over the trailing 12 months skipping the most recent month — the academic-standard construction of Jegadeesh & Titman (1993).
📏 Where SCCE Ranks in the US Market
The percentile ranks SCCE's 12-1 momentum against every US stock in Zyberno's coverage. Momentum is a relative signal — being up 20% matters less than being up more than most of the market. Rankings refresh monthly.
📈 Price Trend — Last 15 Months
Monthly dividend- and split-adjusted closing prices — the exact series the 12-1 momentum is computed from. The shaded band on the right marks the most recent month, which the measure deliberately skips to strip out short-term reversal noise.
📊 Signal Interpretation
| Percentile | Interpretation | Signal |
|---|---|---|
| 90 - 100 | Top decile — the classic momentum-winner zone that academic research shows tends to keep outperforming over 3-12 months. | Momentum Leader |
| 70 - 90 ◀ | Well above the market median. The trend is a tailwind. | Strong Momentum |
| 30 - 70 | The broad middle of the market. Momentum is not a differentiating signal here. | Neutral |
| 10 - 30 | Below the market median. The trend has been working against the stock. | Weak Momentum |
| 0 - 10 | Bottom decile — historically where apparently cheap stocks most often turn out to be value traps (falling knives). | Deep Negative Momentum |
⚙ Component Metrics
📖 Methodology
What is 12-1 momentum?
12-1 momentum is the academic-standard way of measuring a stock's price trend: the cumulative total return over the trailing 12 months, skipping the most recent month. It was introduced by Jegadeesh & Titman (1993) and is the construction behind the momentum factor used in the Fama-French model and virtually all factor research since. Zyberno computes it from dividend- and split-adjusted monthly closing prices, so it is a true total return rather than a raw price change.
Momentum 12-1 = P(t-1) / P(t-13) - 1
P(t-n) = adjusted monthly close n months ago (dividends + splits)
Percentile = cross-sectional rank vs all US stocks (100 = strongest)
Why skip the most recent month?
Over horizons of roughly a month, stock prices show short-term reversal — sharp recent moves partly bounce back. The 2-to-12-month trend, by contrast, tends to persist. Skipping the most recent month strips the reversal noise out of the measure, isolating the persistent trend component. That skip-month is what distinguishes real momentum from a naive 52-week price change.
Why it matters: the momentum effect and the value-trap shield
Momentum is one of the most replicated findings in financial research: past 12-1 winners have historically tended to keep outperforming past losers over the following 3-12 months, across countries, decades, and asset classes. For value investors, the more practical use is defensive — a stock that looks cheap on valuation metrics and sits in the bottom momentum decile is statistically far more likely to be a falling knife than a bargain. Zyberno therefore treats momentum as a companion signal to its valuation framework: use the Brina Gap to find what looks cheap, and momentum to flag which cheap stocks the market is still actively abandoning.
"12-1 momentum follows Jegadeesh & Titman (1994) and the Carhart (1997) factor construction; 52-week-high proximity follows George & Hwang (2004). Zyberno computes both from adjusted market prices and ranks momentum cross-sectionally across its full US coverage."— 12-1 Price Momentum, computed by Zyberno from dividend- and split-adjusted monthly closes.
Boundary conditions & cautions
Momentum requires 13 months of clean price history, so recently listed companies show "Not Available" until their window fills. Values are withheld (rather than shown wrong) when a recent share event makes the price series temporarily unreliable; coverage resumes automatically. The cross-sectional percentile refreshes monthly — momentum is a monthly-frequency signal by construction, so day-to-day price moves do not change it. Above all, momentum is a price-based, relative signal, not a statement about business quality or valuation: Zyberno recommends reading it alongside the Brina Gap, Margin of Safety, and the fundamentals in the full stock report.
❓ Frequently Asked Questions
What is SCCE's 12-1 momentum?
SCCE's 12-1 price momentum is +25.1%, which ranks in the 70th percentile of the US stock universe (Strong Momentum). Price momentum well above the market median over the past year. The measure is the cumulative total return (dividends included) from 13 months ago to 1 month ago.
Why does 12-1 momentum skip the most recent month?
The skip-month is what separates the academic momentum measure from a naive 12-month price change. Over horizons of about a month, stock prices show short-term reversal — recent sharp moves partly bounce back — while the 2-to-12-month trend tends to persist. Skipping the most recent month strips the reversal noise out of the signal, leaving the persistent component. This 12-1 construction is the standard used in the Fama-French momentum factor and virtually all academic momentum research since Jegadeesh & Titman (1993).
How does Zyberno calculate momentum and the momentum percentile?
Zyberno computes 12-1 momentum from dividend- and split-adjusted monthly closing prices: the cumulative return from the close 13 months ago to the close 1 month ago. That return is then ranked cross-sectionally against every US stock in Zyberno's coverage to produce the momentum percentile (100 = strongest momentum in the market), refreshed monthly. For SCCE: momentum = +25.1%, percentile = 70th. Momentum is a relative, price-based signal — Zyberno recommends using it alongside valuation metrics like the Brina Gap, where deeply negative momentum acts as a classic value-trap warning.
📊 Full SCCE Stock Report →
Complete financial analysis with 250+ metrics.
☷ SCCE Brina Gap →
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🛡 SCCE Margin of Safety →
How much discount are you getting vs intrinsic value?
⚡ SCCE Earnings Surprise →
SUE — the earnings-momentum companion signal.
💎 SCCE Intrinsic Value →
DCF valuation based on Owner Earnings.
🔍 Stock Screener →
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