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GN Store Nord AS (CHIX:GNC) 6-1 Month Momentum % : -37.97% (As of Dec. 15, 2024)


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What is GN Store Nord AS 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 (2024-12-15), GN Store Nord AS's 6-1 Month Momentum % is -37.97%.

The industry rank for GN Store Nord AS's 6-1 Month Momentum % or its related term are showing as below:

CHIX:GNc's 6-1 Month Momentum % is ranked worse than
88.01% of 851 companies
in the Medical Devices & Instruments industry
Industry Median: -3.33 vs CHIX:GNc: -37.97

Competitive Comparison of GN Store Nord AS's 6-1 Month Momentum %

For the Medical Devices subindustry, GN Store Nord AS'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.


GN Store Nord AS's 6-1 Month Momentum % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, GN Store Nord AS's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where GN Store Nord AS's 6-1 Month Momentum % falls into.



GN Store Nord AS  (CHIX:GNc) 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.


GN Store Nord AS  (CHIX:GNc) 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.


GN Store Nord AS 6-1 Month Momentum % Related Terms

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GN Store Nord AS Business Description

Traded in Other Exchanges
Address
Lautrupbjerg 7, Ballerup, DNK, 2750
GN Store Nord is a Danish company offering medical and audio solutions. The group consists of two businesses: audio (about 62% of sales) and hearing (38%). GN Hearing offers hearing aids, competing globally with Sonova, Demant, Starkey, and WS Audiology (previously Sivantos and Widex). GN Audio provides headsets and speakerphones to the enterprise market (contact centers and offices), as well as to the consumer market, and recently acquired SteelSeries in the gaming market. The company has positioned itself as one of the main players in the Unified Communication-enabled headsets market. The firm's premium brands are Resound in hearing and Jabra in headsets.

GN Store Nord AS Headlines

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