12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-24), Forward Industries's 12-1 Month Momentum % is -41.54%.
The industry rank for Forward Industries's 12-1 Month Momentum % or its related term are showing as below:
FORD's 12-1 Month Momentum % is ranked worse than 92.86% of 1163
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.78
vs FORD: -41.54
Competitive Comparison
For the Footwear & Accessories subindustry, Forward Industries'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.
Forward Industries 12-1 Month Momentum % Distribution
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Forward Industries's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Forward Industries's 12-1 Month Momentum % falls into.
* 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.
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.
Forward Industries 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Forward Industries's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Forward Industries (Forward Industries) Business Description
Forward Industries Inc is a provider of carrying and protective solutions. It designs and distributes product protection for handheld electronic devices. Forward Industries sells soft-sided carrying cases for blood glucose diagnostic kits and portable consumer electronic devices such as smartphones, tablets, personal computers, notebooks, and global Positioning System devices. It operates in two segments, the OEM distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits and a variety of other portable electronic and non-electronic devices directly to OEMs; The design segment provides a full spectrum of hardware and software product design and engineering services. The majority of revenue is generated from the US.
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