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Elite Diagnostic (XJAM:ELITE) 6-1 Month Momentum % : 46.05% (As of Dec. 14, 2024)


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What is Elite Diagnostic 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 (2024-12-14), Elite Diagnostic's 6-1 Month Momentum % is 46.05%.

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

XJAM:ELITE's 6-1 Month Momentum % is ranked better than
88.31% of 231 companies
in the Medical Diagnostics & Research industry
Industry Median: -1.66 vs XJAM:ELITE: 46.05

Competitive Comparison of Elite Diagnostic's 6-1 Month Momentum %

For the Diagnostics & Research subindustry, Elite Diagnostic'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.


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

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

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



Elite Diagnostic  (XJAM:ELITE) 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.


Elite Diagnostic  (XJAM:ELITE) 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.


Elite Diagnostic 6-1 Month Momentum % Related Terms

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Elite Diagnostic Business Description

Traded in Other Exchanges
N/A
Address
1B Holborn Road, St. Andrew, Kingston, JAM, 5
Elite Diagnostic Ltd provides diagnostic and research services. The company offers various services such as Interventional Radiology Procedures, Magnetic Resonance Imaging (MRI), Computed Tomography (CT Scan), Ultrasound, X-Ray, Fluoroscopy, Endoscopic Ultrasound, the only one of its kind in the Caribbean. The company's revenue is derived mainly from diagnostic imaging services.

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