What is Scientific Industries 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 (2024-05-15), Scientific Industries's 6-1 Month Momentum % is -53.27%.
The industry rank for Scientific Industries's 6-1 Month Momentum % or its related term are showing as below:
SCND's 6-1 Month Momentum % is ranked worse than 98.39% of 2479
companies
in the Hardware industry
Industry Median: 0.27
vs SCND: -53.27
Competitive Comparison of Scientific Industries's 6-1 Month Momentum %
For the Scientific & Technical Instruments subindustry, Scientific Industries'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.
Scientific Industries's 6-1 Month Momentum % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Scientific Industries's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Scientific Industries's 6-1 Month Momentum % falls into.
* 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.
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.
Scientific Industries 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Scientific Industries's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Scientific Industries (Scientific Industries) Business Description
Scientific Industries Inc is engaged in the design, manufacture, and marketing of benchtop laboratory equipment. Its products are used for research purposes by universities, pharmaceutical companies, pharmacies, national laboratories, medical device manufacturers, petrochemical companies, and other industries performing laboratory-scale research. The company's operating segment includes Benchtop Laboratory Equipment, Bioprocessing Systems and Corporate. It generates maximum revenue from the Benchtop Laboratory Equipment segment. The company offers equipment products such as mixers, shakers, stirrers, refrigerated incubators, pharmacy balances and scales, force gauges, catalyst instruments, reactor systems, and high throughput systems.
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