MediXall Group (MediXall Group) 6-1 Month Momentum % : -80.95% (As of Apr. 30, 2024)

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What is MediXall Group 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 (2024-04-30), MediXall Group's 6-1 Month Momentum % is -80.95%.

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

MDXL's 6-1 Month Momentum % is not ranked
in the Healthcare Providers & Services industry.
Industry Median: -0.8 vs MDXL: -80.95

Competitive Comparison of MediXall Group's 6-1 Month Momentum %

For the Health Information Services subindustry, MediXall Group'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.

MediXall Group's 6-1 Month Momentum % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, MediXall Group's 6-1 Month Momentum % distribution charts can be found below:

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

MediXall Group (OTCPK:MDXL) 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.

MediXall Group (OTCPK:MDXL) 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.

MediXall Group 6-1 Month Momentum % Related Terms

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MediXall Group (MediXall Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » MediXall Group Inc (OTCPK:MDXL) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2929 East Commercial Boulevard, Suite Ph-D, Fort Lauderdale, FL, USA, 33308

Website

https://www.medixallgroup.com

MediXall Group Inc is an innovation-driven technology company designed to deliver health and well-being services which address gaps in access to care, spiraling healthcare costs, and the pain points faced by both consumers and businesses. It has developed a cloud-based electronic marketplace where clients can shop for medical services; diagnostic procedures and services; and medical equipment and devices. The company's platform connects physicians and service providers to patients, and payers to the physicians and service providers, across all healthcare settings. The company generates revenue from employer customers and consumer subscription fees.