GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » GlobalBlock Digital Asset Trading Ltd (OTCPK:BLVDF) » Definitions » 6-1 Month Momentum %

GlobalBlock Digital Asset Trading (GlobalBlock Digital Asset Trading) 6-1 Month Momentum % : 51.50% (As of Jul. 14, 2024)


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

What is GlobalBlock Digital Asset Trading 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 (2024-07-14), GlobalBlock Digital Asset Trading's 6-1 Month Momentum % is 51.50%.

The industry rank for GlobalBlock Digital Asset Trading's 6-1 Month Momentum % or its related term are showing as below:

BLVDF's 6-1 Month Momentum % is ranked worse than
61.88% of 808 companies
in the Capital Markets industry
Industry Median: 2.205 vs BLVDF: 51.50

Competitive Comparison of GlobalBlock Digital Asset Trading's 6-1 Month Momentum %

For the Capital Markets subindustry, GlobalBlock Digital Asset Trading'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.


GlobalBlock Digital Asset Trading's 6-1 Month Momentum % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, GlobalBlock Digital Asset Trading's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where GlobalBlock Digital Asset Trading's 6-1 Month Momentum % falls into.



GlobalBlock Digital Asset Trading  (OTCPK:BLVDF) 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.


GlobalBlock Digital Asset Trading  (OTCPK:BLVDF) 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.


GlobalBlock Digital Asset Trading 6-1 Month Momentum % Related Terms

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


GlobalBlock Digital Asset Trading (GlobalBlock Digital Asset Trading) Business Description

Traded in Other Exchanges
Address
65 Curzon Street, London, GBR, W1J 8PE
GlobalBlock Digital Asset Trading Ltd is a digital asset broker that provides a personalized telephone brokerage service, trading platform, and mobile application. The company acts as a trusted agent serving the digital asset needs of individuals, corporates, institutional financial firms, and intermediaries, providing the best execution trading and safe custody of digital assets.

GlobalBlock Digital Asset Trading (GlobalBlock Digital Asset Trading) Headlines