Quality and Reliability (ATH:QUAL) 6-1 Month Momentum % : 119.05% (As of Jun. 24, 2024)

View and export this data going back to 2000. Start your Free Trial

What is Quality and Reliability 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 (2024-06-24), Quality and Reliability's 6-1 Month Momentum % is 119.05%.

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

ATH:QUAL's 6-1 Month Momentum % is ranked better than
97.08% of 2808 companies
in the Software industry
Industry Median: -2.275 vs ATH:QUAL: 119.05

Competitive Comparison of Quality and Reliability's 6-1 Month Momentum %

For the Software - Application subindustry, Quality and Reliability'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.

Quality and Reliability's 6-1 Month Momentum % Distribution in the Software Industry

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

* The bar in red indicates where Quality and Reliability's 6-1 Month Momentum % falls into.

Quality and Reliability (ATH:QUAL) 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.

Quality and Reliability (ATH:QUAL) 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.

Quality and Reliability 6-1 Month Momentum % Related Terms

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

Quality and Reliability (ATH:QUAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Quality and Reliability SA (ATH:QUAL) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

11B Konitsis Street, Marousi, GRC, 15125

Website

http://www.qnr.com.gr

Quality and Reliability SA is engaged in software development and in the provision of integration services for information systems. The company delivers complex Integrated Information Systems for large and mid-size enterprises in the public and private sectors, cutting-edge technology solutions for Financial Institutions, Enterprise web Portals, white label e-Bookstore platforms & label e-commerce solutions, cross-platform Mobile Applications and multi-platform eBook interactive educational authoring tools.