MetaWorks Platforms (XCNQ:MWRK) 12-1 Month Momentum % : N/A% (As of Jun. 22, 2024)

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What is MetaWorks Platforms 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 (2024-06-22), MetaWorks Platforms's 12-1 Month Momentum % is N/A%.

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

XCNQ:MWRK's 12-1 Month Momentum % is not ranked ^*
in the Software industry.
Industry Median: -8.7
* Ranked among companies with meaningful 12-1 Month Momentum % only.

Competitive Comparison of MetaWorks Platforms's 12-1 Month Momentum %

For the Software - Application subindustry, MetaWorks Platforms'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.

MetaWorks Platforms's 12-1 Month Momentum % Distribution in the Software Industry

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

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

MetaWorks Platforms (XCNQ:MWRK) 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.

MetaWorks Platforms (XCNQ:MWRK) 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.

MetaWorks Platforms 12-1 Month Momentum % Related Terms

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MetaWorks Platforms (XCNQ:MWRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MetaWorks Platforms Inc (XCNQ:MWRK) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

MWRK:USA

Address

3250 Oakland Hills Court, Fairfield, CA, USA, 94534

Website

https://www.metaworksplatforms.io

MetaWorks Platforms Inc is a full-service blockchain and web development platform provider. The Company's business model is to provide a turnkey set of services to develop and integrate Web 3.0 / Metaverse technologies, NFT, blockchain, and cryptocurrency technologies. It offers a set of services for companies to develop and integrate blockchain and payment technologies into their business operations. It builds and operates FinTech Platforms-as-a-Service for digital currencies, digital securities tokens, and digital assets. The firm generates the majority of its revenue from the sale of movie rights.