Ansarada Group (ASX:AND) 12-1 Month Momentum %

: 125.00% (As of Today)

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12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-23), Ansarada Group's 12-1 Month Momentum % is 125.00%.

The industry rank for Ansarada Group's 12-1 Month Momentum % or its related term are showing as below:

ASX:AND's 12-1 Month Momentum % is ranked better than
94.89% of 2722 companies
in the Software industry
Industry Median: -3.785 vs ASX:AND: 125.00

Competitive Comparison

For the Software - Application subindustry, Ansarada Group's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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.

Ansarada Group 12-1 Month Momentum % Distribution

For the Software industry and Technology sector, Ansarada Group's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Ansarada Group's 12-1 Month Momentum % falls into.

Ansarada Group (ASX:AND) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %

( Price 1-month ago

Price 12-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.

Ansarada Group (ASX:AND) 12-1 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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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.

Ansarada Group 12-1 Month Momentum % Related Terms

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Ansarada Group (ASX:AND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ansarada Group Ltd (ASX:AND) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 George Street, Level 2, The Rocks, Sydney, NSW, AUS, 2000

Website

https://www.ansarada.com

Ansarada Group Ltd formerly thedocyard Ltd develops and provides cloud-based software for legal and finance organizations. It operates as a Software as a Service (SaaS) model with its clients being organizations that undertake complex transactions such as legal and accounting firms, corporate and financial advisers, financial institutions, and listed or multinational companies. Some services provided are Workflow management, Collaboration, Secure document management, and Project Management. Geographically, the majority of the business is done in the Australian market. The Group derives its revenue from subscription or transactional usage fees from customers for access to its cloud-based SaaS platform.

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