12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-05-02), Spire Global's 12-1 Month Momentum % is 118.47%.
The industry rank for Spire Global's 12-1 Month Momentum % or its related term are showing as below:
SPIR's 12-1 Month Momentum % is ranked better than 95.19% of 1060
companies
in the Business Services industry
Industry Median: 1.525
vs SPIR: 118.47
Competitive Comparison of Spire Global's 12-1 Month Momentum %
For the Specialty Business Services subindustry, Spire Global's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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.
Spire Global's 12-1 Month Momentum % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Spire Global's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Spire Global's 12-1 Month Momentum % falls into.
Spire Global (NYSE:SPIR) 12-1 Month Momentum % Calculation
12-1 Month Momentum % is calculated as following:
12-1 Month Momentum %
=
( Price 1-month ago
/
Price 12-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.
Spire Global (NYSE:SPIR) 12-1 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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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.
Spire Global 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Spire Global's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Spire Global Inc is a provider of space-based data, analytics, and Space Services, offering datasets and powerful insights about Earth from the ultimate vantage point of space so that organizations can make decisions with confidence, accuracy, and speed. The Company generates revenue from four solutions: Maritime, Aviation, Weather, and Space Services. It offers the following three data solutions to customers; Maritime-precise space-based data used for accurate ship monitoring, ship safety, and route optimization, Aviation-precise space-based data used for accurate aircraft monitoring, aircraft safety, and route optimization, and Weather-precise space-based data used for accurate weather forecasting.
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