GURUFOCUS.COM » STOCK LIST » Technology » Software » Arax Holdings Corp (OTCPK:ARAT) » Definitions » 6-1 Month Momentum %

Arax Holdings (Arax Holdings) 6-1 Month Momentum % : -53.38% (As of Jul. 12, 2024)


View and export this data going back to 2013. Start your Free Trial

What is Arax Holdings 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 (2024-07-12), Arax Holdings's 6-1 Month Momentum % is -53.38%.

The industry rank for Arax Holdings's 6-1 Month Momentum % or its related term are showing as below:

ARAT's 6-1 Month Momentum % is ranked worse than
94.42% of 2796 companies
in the Software industry
Industry Median: -6.12 vs ARAT: -53.38

Competitive Comparison of Arax Holdings's 6-1 Month Momentum %

For the Software - Infrastructure subindustry, Arax Holdings'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.


Arax Holdings's 6-1 Month Momentum % Distribution in the Software Industry

For the Software industry and Technology sector, Arax Holdings's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Arax Holdings's 6-1 Month Momentum % falls into.



Arax Holdings  (OTCPK:ARAT) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %=( Price 1-month ago / Price 6-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.


Arax Holdings  (OTCPK:ARAT) 6-1 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 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.


Arax Holdings 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Arax Holdings's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Arax Holdings (Arax Holdings) Business Description

Traded in Other Exchanges
N/A
Address
30 North Gould Street, Sheridan, WY, USA, 82801
Arax Holdings Corp invests in TechFin and blockchain-based software solutions companies. The primary focus of Arax is to fuse decentralized solutions with financial service providers within multiple markets and communication networks to bring blockchain to everyday life.

Arax Holdings (Arax Holdings) Headlines

No Headlines