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6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-12-11), Nano Magic's 6-1 Month Momentum % is -27.26%.
The industry rank for Nano Magic's 6-1 Month Momentum % or its related term are showing as below:
For the Specialty Chemicals subindustry, Nano Magic'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.
For the Chemicals industry and Basic Materials sector, Nano Magic's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Nano Magic's 6-1 Month Momentum % falls into.
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.
Nano Magic (OTCPK:NMGX) 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.
Thank you for viewing the detailed overview of Nano Magic's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Scott E. Rickert | director, 10 percent owner, officer: CEO, President & Chairman | 431 FAIRWAY DR, SUITE 200, DEERFIELD BEACH FL 33441 |
Jeanne M Rickert | director, officer: Chief Legal Officer | 431 FAIRWAY DR, SUITE 200, DEERFIELD BEACH FL 33441 |
Ronald J Berman | director | 701 BRICKELL AVENUE, SUITE 1550, MIAMI FL 33131 |
Raymond William Gunn | director | 56420 NEWPORT DRIVE, SHELBY TOWNSHIP MI 48316 |
David M Sherbin | director | 4181 AO SOUTHMOOR LANE, WEST BLOOMFIELD MI 48323 |
Miles Geoffrey Gatland | director | 1110 ISLAND DRIVE, COMMERCE TOWNSHIP MI 48382 |
Lara O'connor Hodgson | director | 8 HABERSHAM PARK, ATLANTA GA 30305 |
Magic Growth 2 Llc | 10 percent owner | 31601 RESEARCH PARK DRIVE, MADISON HEIGHTS MI 48071 |
Magic Growth Llc | 10 percent owner | 750 DENISON COURT, BLOOMFIELD HILLS MI 48302 |
Tom J. Berman | director, officer: President | 750 DENISON COURT, BLOOMFIELD HILLS MI 48302 |
John Todd Lunsford | director | 4971 CHERRY BLOSSOM CIRCLE, WEST BLOOMFIELD MI 48324 |
Leandro Vera | officer: CFO | 11271 N ROCKING R RD., HAYDEN ID 83835 |
Jacqueline M Soptick | officer: Chief Accounting Officer | 3006 LONGHORN BLVD, STE 107, AUSTIN TX 78732 |
Pen Comeback 2, Llc | 10 percent owner | 750 DENISON COURT, BLOOMFIELD HILLS MI 48302 |
Pen Comeback, Llc | 10 percent owner | 750 DENISON COURT, BLOOMFIELD HILLS MI 48302 |
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