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M.L.R.N. Projects and Trading (XTAE:MLRN) 6-1 Month Momentum % : 15.56% (As of Oct. 31, 2024)


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What is M.L.R.N. Projects and Trading 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 (2024-10-31), M.L.R.N. Projects and Trading's 6-1 Month Momentum % is 15.56%.

The industry rank for M.L.R.N. Projects and Trading's 6-1 Month Momentum % or its related term are showing as below:

XTAE:MLRN's 6-1 Month Momentum % is ranked better than
66.61% of 563 companies
in the Credit Services industry
Industry Median: 3.93 vs XTAE:MLRN: 15.56

Competitive Comparison of M.L.R.N. Projects and Trading's 6-1 Month Momentum %

For the Credit Services subindustry, M.L.R.N. Projects and Trading'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.


M.L.R.N. Projects and Trading's 6-1 Month Momentum % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, M.L.R.N. Projects and Trading's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where M.L.R.N. Projects and Trading's 6-1 Month Momentum % falls into.



M.L.R.N. Projects and Trading  (XTAE:MLRN) 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.


M.L.R.N. Projects and Trading  (XTAE:MLRN) 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.


M.L.R.N. Projects and Trading 6-1 Month Momentum % Related Terms

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M.L.R.N. Projects and Trading Business Description

Traded in Other Exchanges
N/A
Address
Wallenberg Raoul Street, Building C Ramat Hachayal, Tel Aviv, ISR
M.L.R.N. Projects and Trading Ltd is engaged in providing credit to small and medium-sized businesses. Its services include Discount Checks, Financing for the purchase of the real estate, Loans in real estate and mortgages, Financial leasing for the purchase of tools and equipment, Import financing and suppliers, and Line of credit.

M.L.R.N. Projects and Trading Headlines

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