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Addnode Group AB (CHIX:ANODBS) 12-1 Month Momentum % : 37.14% (As of Nov. 10, 2024)


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What is Addnode Group AB 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-11-10), Addnode Group AB's 12-1 Month Momentum % is 37.14%.

The industry rank for Addnode Group AB's 12-1 Month Momentum % or its related term are showing as below:

CHIX:ANODBs's 12-1 Month Momentum % is ranked better than
81.63% of 2744 companies
in the Software industry
Industry Median: 1.01 vs CHIX:ANODBs: 37.14

Competitive Comparison of Addnode Group AB's 12-1 Month Momentum %

For the Information Technology Services subindustry, Addnode Group AB'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.


Addnode Group AB's 12-1 Month Momentum % Distribution in the Software Industry

For the Software industry and Technology sector, Addnode Group AB's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Addnode Group AB's 12-1 Month Momentum % falls into.



Addnode Group AB  (CHIX:ANODBs) 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.


Addnode Group AB  (CHIX:ANODBs) 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.


Addnode Group AB 12-1 Month Momentum % Related Terms

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Addnode Group AB Business Description

Traded in Other Exchanges
Address
Norra Stationsgatan 93, Stockholm, SWE, 113 64
Addnode Group AB is a supplier of software and services for design, construction, and product data information clients in Sweden. Its operations are divided into three business divisions: The Design Management business, which accounts for the maximum share of revenue; The Product Lifecycle Management (PLM) and The Process Management business. The company has its operations in Sweden, the UK, the USA and Germany.

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