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XMReality AB (FRA:5LL) 6-1 Month Momentum % : 1633.33% (As of Oct. 31, 2024)


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What is XMReality AB 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 (2024-10-31), XMReality AB's 6-1 Month Momentum % is 1633.33%.

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

FRA:5LL's 6-1 Month Momentum % is ranked worse than
96.8% of 2813 companies
in the Software industry
Industry Median: -2.41 vs FRA:5LL: 1633.33

Competitive Comparison of XMReality AB's 6-1 Month Momentum %

For the Software - Application subindustry, XMReality AB'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.


XMReality AB's 6-1 Month Momentum % Distribution in the Software Industry

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

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



XMReality AB  (FRA:5LL) 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.


XMReality AB  (FRA:5LL) 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.


XMReality AB 6-1 Month Momentum % Related Terms

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XMReality AB Business Description

Traded in Other Exchanges
Address
Granden Duvan 3, Linkoping, SWE, 582 22
XMReality AB provides remote guidance solutions. The company provides solutions for field service to the industrial segment. Its solutions include user setups, main functionalities, and hardware to field service, aftermarket service, and service providers. Its solutions are used in industries such as energy, manufactured goods, oil, and gas. The sales comprise of a mix of hardware and software subscriptions, out of which software subscriptions account for the highest portion of the revenue.

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