12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-26), Sphere 3D's 12-1 Month Momentum % is -51.04%.
The industry rank for Sphere 3D's 12-1 Month Momentum % or its related term are showing as below:
ANY's 12-1 Month Momentum % is ranked worse than 87.79% of 2719
companies
in the Software industry
Industry Median: -3.69
vs ANY: -51.04
Competitive Comparison of Sphere 3D's 12-1 Month Momentum %
For the Software - Application subindustry, Sphere 3D'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.
Sphere 3D's 12-1 Month Momentum % Distribution in the Software Industry
For the Software industry and Technology sector, Sphere 3D's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Sphere 3D's 12-1 Month Momentum % falls into.
Sphere 3D (NAS:ANY) 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.
Sphere 3D (NAS:ANY) 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.
Sphere 3D 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Sphere 3D's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Sphere 3D Corp provides solutions for stand-alone storage and technologies that converge the traditional silos of compute, storage, and network into integrated hyper-converged or converged solution. Its Disk systems include HVE Converged and Hyper-converged Infrastructure. It generates the majority of its revenue from the services it offers. All of its revenue comes from the Americas. The Company has two operating segments: Digital Mining and Service and Product. The Digital Mining segment generates revenue from the digital currency, it earns through its bitcoin mining activities. The Service and Product segment generates revenue from long-term customer contracts for service contracts and extended service contract and the sale of products related to the Company's data storage product line.
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