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SLDX (Stella Diagnostics) 6-1 Month Momentum % : -7.89% (As of Oct. 31, 2024)


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What is Stella Diagnostics 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 (2024-10-31), Stella Diagnostics's 6-1 Month Momentum % is -7.89%.

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

SLDX's 6-1 Month Momentum % is not ranked
in the Medical Diagnostics & Research industry.
Industry Median: -1.685 vs SLDX: -7.89

Competitive Comparison of Stella Diagnostics's 6-1 Month Momentum %

For the Diagnostics & Research subindustry, Stella Diagnostics'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.


Stella Diagnostics's 6-1 Month Momentum % Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Stella Diagnostics's 6-1 Month Momentum % distribution charts can be found below:

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



Stella Diagnostics  (OTCPK:SLDX) 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.


Stella Diagnostics  (OTCPK:SLDX) 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.


Stella Diagnostics 6-1 Month Momentum % Related Terms

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Stella Diagnostics Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
50 West Broadway, Suite 300, Salt Lake City, UT, USA, 84104
Stella Diagnostics Inc is a molecular diagnostics-based organization focused on improving patient management strategies for people living with severe esophageal disease. It is developing first-line diagnostic tools that provide superior molecular information for providers as compared to the current standard screening protocols.

Stella Diagnostics Headlines

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