Softlab SpA (MIL:SOF) 6-1 Month Momentum % : -13.80% (As of May. 27, 2024)

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What is Softlab SpA 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 (2024-05-27), Softlab SpA's 6-1 Month Momentum % is -13.80%.

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

MIL:SOF's 6-1 Month Momentum % is ranked worse than
76.31% of 401 companies
in the Telecommunication Services industry
Industry Median: 0.37 vs MIL:SOF: -13.80

Competitive Comparison of Softlab SpA's 6-1 Month Momentum %

For the Telecom Services subindustry, Softlab SpA'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.

Softlab SpA's 6-1 Month Momentum % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Softlab SpA's 6-1 Month Momentum % distribution charts can be found below:

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

Softlab SpA (MIL:SOF) 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.

Softlab SpA (MIL:SOF) 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.

Softlab SpA 6-1 Month Momentum % Related Terms

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Softlab SpA (MIL:SOF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Softlab SpA (MIL:SOF) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via della Valle dei Fontanili, 29/37, Rome, ITA, 00168

Website

http://www.acotel.com

Softlab SpA formerly Acotel Group SpA is an Italy based company involved in the telecom services business sector. The company operates under two business segment that includes Acotel Interactive, and Acotel Net. The Acotel Interactive business includes the services of digital entertainment, and mobile services supplied to telephone and commercial companies. The Acotel Net business includes energy-IoT, and enterprise security. Geographically, it operates in Italy, Latin America, India, and other European countries. A vast majority of the company's revenue is generated from the Acotel Interactive segment in the Italian region.