GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Foxx Development Holdings Inc (NAS:FOXX) » Definitions » 6-1 Month Momentum %

FOXX (Foxx Development Holdings) 6-1 Month Momentum % : N/A% (As of Dec. 15, 2024)


View and export this data going back to 2024. Start your Free Trial

What is Foxx Development 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 (2024-12-15), Foxx Development Holdings's 6-1 Month Momentum % is N/A%.

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

FOXX's 6-1 Month Momentum % is not ranked *
in the Hardware industry.
Industry Median: -1.82
* Ranked among companies with meaningful 6-1 Month Momentum % only.

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

For the Consumer Electronics subindustry, Foxx Development 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.


Foxx Development Holdings's 6-1 Month Momentum % Distribution in the Hardware Industry

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

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



Foxx Development Holdings  (NAS:FOXX) 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.


Foxx Development Holdings  (NAS:FOXX) 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.


Foxx Development Holdings 6-1 Month Momentum % Related Terms

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


Foxx Development Holdings Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
13575 Barranca Parkway C106, Irvine, CA, USA, 92618
Foxx Development Holdings Inc is a consumer electronics and integrated Internet-of-Things (IoT) solution company catering to both retail and institutional clients. With robust research and development capabilities and a strategic commitment to cultivating long-term partnerships with mobile network operators, distributors, and suppliers. Its products include tablets, smartphones, wearables, and other high-quality communication terminals.