What is Electrameccanica Vehicles 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 (2024-06-05), Electrameccanica Vehicles's 12-1 Month Momentum % is -56.29%.
The industry rank for Electrameccanica Vehicles's 12-1 Month Momentum % or its related term are showing as below:
SOLO's 12-1 Month Momentum % is not ranked
in the Vehicles & Parts industry.
Industry Median: 0.895
vs SOLO: -56.29
Competitive Comparison of Electrameccanica Vehicles's 12-1 Month Momentum %
For the Auto Manufacturers subindustry, Electrameccanica Vehicles'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.
Electrameccanica Vehicles's 12-1 Month Momentum % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Electrameccanica Vehicles's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Electrameccanica Vehicles's 12-1 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 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.
Electrameccanica Vehicles 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Electrameccanica Vehicles's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Electrameccanica Vehicles (Electrameccanica Vehicles) Business Description
Electrameccanica Vehicles Corp Ltd is a development-stage electric vehicle or EV, designer and manufacturer company. The company's product line targets urban commuters, commercial fleets/deliveries and shared mobility seeking to commute in an efficient, cost-effective and environmentally friendly manner. The company's first flagship EV is the SOLO, a single-seat vehicle, of which it has built 64 prototype vehicles in-house and 60 pre-production vehicles with its manufacturing partner, Zongshen. The company's reportable business segments include Electric Vehicles which is the development and manufacture of electric vehicles for mass markets, and Custom built vehicles which is the development and manufacture of high-end custom-built vehicles.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SOLO has been successfully added to your