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Jet AI (Jet AI) 12-1 Month Momentum % : N/A% (As of Jun. 16, 2024)


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What is Jet AI 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 (2024-06-16), Jet AI's 12-1 Month Momentum % is N/A%.

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

JTAIW's 12-1 Month Momentum % is not ranked *
in the Software industry.
Industry Median: -8.6
* Ranked among companies with meaningful 12-1 Month Momentum % only.

Competitive Comparison of Jet AI's 12-1 Month Momentum %

For the Software - Application subindustry, Jet AI'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.

Jet AI's 12-1 Month Momentum % Distribution in the Software Industry

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

* The bar in red indicates where Jet AI's 12-1 Month Momentum % falls into.


Jet AI  (NAS:JTAIW) 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.

Jet AI  (NAS:JTAIW) 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.

Jet AI 12-1 Month Momentum % Related Terms

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Jet AI (Jet AI) Business Description

Industry
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Traded in Other Exchanges
JTAI:USA
Address
10845 Griffith Peak Drive, Suite 200, Las Vegas, NV, USA, 89135
Website
https://www.jettoken.com
Jet AI Inc is principally involved in the sale of jet cards, which enable holders to use certain aircraft owned, leased by, arranged and/or managed by Jet Token and others at agreed-upon rates, as well as the sale of fractional interests in aircraft; and the operation of a proprietary booking platform, which functions as a prospecting and quoting platform to arrange private jet travel with third party carriers as well as via Jet Token's leased and managed aircraft.