Sparc AI (Sparc AI) 6-1 Month Momentum % : 98.18% (As of Jun. 06, 2024)

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What is Sparc AI 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-06-06), Sparc AI's 6-1 Month Momentum % is 98.18%.

The industry rank for Sparc AI's 6-1 Month Momentum % or its related term are showing as below:

EGTTF's 6-1 Month Momentum % is ranked better than
98.4% of 2805 companies
in the Software industry
Industry Median: -2.4 vs EGTTF: 98.18

Competitive Comparison of Sparc AI's 6-1 Month Momentum %

For the Software - Application subindustry, Sparc AI'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.

Sparc AI's 6-1 Month Momentum % Distribution in the Software Industry

For the Software industry and Technology sector, Sparc AI's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Sparc AI's 6-1 Month Momentum % falls into.

Sparc AI (OTCPK:EGTTF) 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.

Sparc AI (OTCPK:EGTTF) 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.

Sparc AI 6-1 Month Momentum % Related Terms

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Sparc AI (Sparc AI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sparc AI Inc (OTCPK:EGTTF) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

SPAI:Canada

Address

71 Victoria Crescent, Building 17, Abbotsford, VIC, AUS, 3067

Website

https://www.eyefigroup.com

Sparc AI Inc Formerly EYEFI Group Technologies Inc is a software and electronics engineering company that has developed, patented and commercialized an innovative spatial technology; spatial, predictive, approximation and radial convolution (SPARC) and an associated product suite, that turns sensors, cameras and smartphones (fixed, mobile, airborne, portable or handheld) into geo-target co-ordinate acquisition devices. The company has also developed IIoT sensor hardware and associated cloud software, as a second pillar within its product offering. Its Cloud is a next-generation cloud platform that provides a secure and centralized environment where customers can manage their EYEfi product deployments and applications. It has one segment software and electronics engineering services.