ONEI (OneMeta) 6-1 Month Momentum % : -48.03% (As of Dec. 12, 2024)

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What is OneMeta 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 (2024-12-12), OneMeta's 6-1 Month Momentum % is -48.03%.

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

ONEI's 6-1 Month Momentum % is ranked worse than
94.9% of 2802 companies
in the Software industry
Industry Median: 0.905 vs ONEI: -48.03

Competitive Comparison of OneMeta's 6-1 Month Momentum %

For the Software - Application subindustry, OneMeta'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.

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

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

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

OneMeta (OTCPK:ONEI) 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.

OneMeta (OTCPK:ONEI) 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.

OneMeta 6-1 Month Momentum % Related Terms

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OneMeta Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » OneMeta Inc (OTCPK:ONEI) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

450 South 400 East, Suite 200, Bountiful, UT, USA, 84010

Website

https://www.onemeta.ai

OneMeta Inc operates to develop artificial intelligence products that enable companies and individuals to reach their highest potential by eliminating language barriers in daily communications by providing high-quality, accurate, and efficient interpretation and translation services using natural language processing (NLP) technology. The company's focus is on developing a proprietary architecture that is faster and more accurate than any other company, with a commitment to providing superior quality services to its customers. It intends to serve a wide variety of markets and customers and will be focused on becoming a leader in the creation of pragmatic products for the interpretation and translation industry.