6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-14), Coda Octopus Group's 6-1 Month Momentum % is -3.90%.
The industry rank for Coda Octopus Group's 6-1 Month Momentum % or its related term are showing as below:
CODA's 6-1 Month Momentum % is ranked worse than 62.7% of 311
companies
in the Aerospace & Defense industry
Industry Median: 6.33
vs CODA: -3.90
Competitive Comparison of Coda Octopus Group's 6-1 Month Momentum %
For the Aerospace & Defense subindustry, Coda Octopus Group'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.
Coda Octopus Group's 6-1 Month Momentum % Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Coda Octopus Group's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Coda Octopus Group's 6-1 Month Momentum % falls into.
Coda Octopus Group (NAS:CODA) 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.
Coda Octopus Group (NAS:CODA) 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.
Coda Octopus Group 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Coda Octopus Group's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Coda Octopus Group (Coda Octopus Group) Business Description
Coda Octopus Group Inc develops underwater technologies and equipment for imaging, mapping defense, and survey applications. It operates in two segments: Marine Technology Business and Marine Engineering Business. The Technology Business develops proprietary solutions for both the commercial and defense subsea market. Its solutions include hardware and software for Geophysical Systems, Motion & Positioning Systems, and Real-Time Volumetric Imaging Sonar. The Engineering Business segment provides engineering services to a range of clients in the defense markets. Its geographical segments are the Americas, Europe, Australia/Asia, and the Middle East/Africa. The majority of revenue is derived from the Marine Technology Business segment.
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