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TrustBIX (TSXV:TBIX) 6-1 Month Momentum % : -25.00% (As of Dec. 15, 2024)


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What is TrustBIX 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 (2024-12-15), TrustBIX's 6-1 Month Momentum % is -25.00%.

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

TSXV:TBIX's 6-1 Month Momentum % is ranked worse than
81.08% of 2817 companies
in the Software industry
Industry Median: -0.45 vs TSXV:TBIX: -25.00

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

For the Software - Application subindustry, TrustBIX'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.


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

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

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



TrustBIX  (TSXV:TBIX) 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.


TrustBIX  (TSXV:TBIX) 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.


TrustBIX 6-1 Month Momentum % Related Terms

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TrustBIX Business Description

Traded in Other Exchanges
N/A
Address
10607 - 82 Street NW, Suite 200, 2nd Floor, Edmonton, AB, CAN, T6A 3N2
TrustBIX Inc goal is to create a world where trust more, waste less and reward sustainable behaviour by addressing consumer and agri-food business demands. The company delivers independent validation of food provenance and sustainable production practices within the supply chain - Gate to Plate. It provides a suite of hardware and software solutions to the livestock industry in North America and China. The company's Insight technology offers an edge-to-enterprise supply chain solution that brings asset situational awareness to dealers, equipment fleets, and civil construction managers.
Executives
Lap Shing Kao Director
James Edward Freeman Senior Officer
Hubert Lau Director, Senior Officer
Tony Gale Barlott Director
William Shea Jameson Director
Gordon Mah Senior Officer
Edward Kent Power Director, Senior Officer
Fredrick John Ruzicka Director
David Douglas Schuster Director
Hugh Zhen Director

TrustBIX Headlines

No Headlines