Inseego (STU:INO0) 6-1 Month Momentum % : -68.45% (As of May. 21, 2024)

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What is Inseego 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 (2024-05-21), Inseego's 6-1 Month Momentum % is -68.45%.

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

STU:INO0's 6-1 Month Momentum % is ranked better than
90.11% of 2476 companies
in the Hardware industry
Industry Median: -4.27 vs STU:INO0: -68.45

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

For the Communication Equipment subindustry, Inseego'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.

Inseego's 6-1 Month Momentum % Distribution in the Hardware Industry

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

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

Inseego (STU:INO0) 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.

Inseego (STU:INO0) 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.

Inseego 6-1 Month Momentum % Related Terms

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Inseego (STU:INO0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Inseego Corp (STU:INO0) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

INSG:USA INO:Germany

Address

9710 Scranton Road, Suite 200, Suite 200, CA, USA, 92121

Website

https://www.inseego.com

Inseego Corp is into the design and development of fixed and mobile wireless solutions (advanced 4G and 5G NR), Industrial Internet of Things and cloud solutions for enterprises, service providers, small and medium-sized businesses, governments, and consumers around the globe. The product portfolio consists of fixed and mobile device-to-cloud solutions that provide secure end-to-end IoT services with deep business intelligence. The Company's products and services include intelligent mobile hotspots, wireless routers for IoT applications, USB modems, integrated telematics and mobile tracking hardware devices, which are supported by applications software and cloud services designed to enable customers to easily analyze data insights and configure and manage their hardware.

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