Weebit Nano (ASX:WBT) 6-1 Month Momentum % : 34.35% (As of Dec. 13, 2024)

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What is Weebit Nano 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 (2024-12-13), Weebit Nano's 6-1 Month Momentum % is 34.35%.

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

ASX:WBT's 6-1 Month Momentum % is ranked better than
83.47% of 992 companies
in the Semiconductors industry
Industry Median: -13.215 vs ASX:WBT: 34.35

Competitive Comparison of Weebit Nano's 6-1 Month Momentum %

For the Semiconductors subindustry, Weebit Nano'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.

Weebit Nano's 6-1 Month Momentum % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Weebit Nano's 6-1 Month Momentum % distribution charts can be found below:

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

Weebit Nano (ASX:WBT) 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.

Weebit Nano (ASX:WBT) 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.

Weebit Nano 6-1 Month Momentum % Related Terms

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Weebit Nano Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Weebit Nano Ltd (ASX:WBT) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

WBTNF:USA 6RI:Germany

Address

680 George Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.weebit-nano.com

Weebit Nano Ltd is a developer and licensor of semiconductor memory technology. The company's Resistive RAM (ReRAM) addresses the growing need for significantly higher performance and lower power memory solutions in a range of new electronic products such as Internet of Things (IoT) devices, smartphones, robotics, autonomous vehicles, 5G communications and artificial intelligence. Weebit ReRAM is designed to enable semiconductor memory elements to be significantly faster, less expensive, more reliable and more energy efficient than those using existing flash memory solutions. As it is based on fab-friendly materials, the technology can be quickly and easily integrated with existing flows and processes, without the need for special equipment or large investments.