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NMGX (Nano Magic) 6-1 Month Momentum % : -27.26% (As of Dec. 11, 2024)


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What is Nano Magic 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 (2024-12-11), 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:

NMGX's 6-1 Month Momentum % is ranked worse than
91.66% of 1570 companies
in the Chemicals industry
Industry Median: 3.055 vs NMGX: -27.26

Competitive Comparison of Nano Magic's 6-1 Month Momentum %

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.


Nano Magic's 6-1 Month Momentum % Distribution in the Chemicals Industry

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.



Nano Magic  (OTCPK:NMGX) 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.


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.


Nano Magic 6-1 Month Momentum % Related Terms

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Nano Magic Business Description

Traded in Other Exchanges
N/A
Address
31601 Research Park Drive, Madison Heights, MI, USA, 48071
Nano Magic Inc is engaged in the marketing and sale of products enabled by nanotechnology. It develops and sells products based on its portfolio of intellectual property and its products include a portfolio of nano-layer coatings, nano-based cleaners, printable inks, pastes, and thermal management materials. Its products can be used on eyeglasses, extreme sport and safety glasses and goggles, electronic screens, windows, mirrors, shower doors, and cleaning everyday household surfaces. The Majority of revenue is from the united states.
Executives
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