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Azorean-Aquatic Technologies (XPAR:MLAAT) 6-1 Month Momentum % : 826.83% (As of Jun. 18, 2024)


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What is Azorean-Aquatic Technologies 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 (2024-06-18), Azorean-Aquatic Technologies's 6-1 Month Momentum % is 826.83%.

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

XPAR:MLAAT's 6-1 Month Momentum % is not ranked
in the Industrial Products industry.
Industry Median: -0.645 vs XPAR:MLAAT: 826.83

Competitive Comparison of Azorean-Aquatic Technologies's 6-1 Month Momentum %

For the Specialty Industrial Machinery subindustry, Azorean-Aquatic Technologies'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.


Azorean-Aquatic Technologies's 6-1 Month Momentum % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Azorean-Aquatic Technologies's 6-1 Month Momentum % distribution charts can be found below:

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



Azorean-Aquatic Technologies  (XPAR:MLAAT) 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.


Azorean-Aquatic Technologies  (XPAR:MLAAT) 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.


Azorean-Aquatic Technologies 6-1 Month Momentum % Related Terms

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Azorean-Aquatic Technologies (XPAR:MLAAT) Business Description

Traded in Other Exchanges
N/A
Address
Rua da Pranchinha N 92, Ponta Delgada, PRT, 9500-331
Azorean-Aquatic Technologies SA provides solutions to produce instruments and autonomous robots for different market segments from leisure to business and scientific exploration. Its product includes Ziphius, an aquatic civilian drone for the general public, controlled by Wi-Fi via smartphone or tablet PC, able to move at a speed of up to 10 kph and capable of taking and sharing photos and videos.

Azorean-Aquatic Technologies (XPAR:MLAAT) Headlines

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