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SRBCF (Sirona Biochem) 6-1 Month Momentum % : 34.39% (As of Dec. 12, 2024)


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What is Sirona Biochem 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), Sirona Biochem's 6-1 Month Momentum % is 34.39%.

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

SRBCF's 6-1 Month Momentum % is ranked better than
91.53% of 1476 companies
in the Biotechnology industry
Industry Median: -7.78 vs SRBCF: 34.39

Competitive Comparison of Sirona Biochem's 6-1 Month Momentum %

For the Biotechnology subindustry, Sirona Biochem'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.


Sirona Biochem's 6-1 Month Momentum % Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Sirona Biochem's 6-1 Month Momentum % distribution charts can be found below:

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



Sirona Biochem  (OTCPK:SRBCF) 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.


Sirona Biochem  (OTCPK:SRBCF) 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.


Sirona Biochem 6-1 Month Momentum % Related Terms

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Sirona Biochem Business Description

Traded in Other Exchanges
Address
C/o WeWork, 595 Burrard Street, Vancouver, BC, CAN, V7X 1L4
Sirona Biochem Corp is a development stage biotechnology company. The principal activities of the company are the development of cosmetic and pharmaceutical active ingredients which are licensed to partners in exchange for upfront, milestone, and royalty payments. The company acts as a cosmetic ingredient and drug discovery company with a proprietary technology platform with a specialization in the stabilization of carbohydrate molecules. The company has a business presence in Canada and France.

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