12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-19), SKYX Platforms's 12-1 Month Momentum % is -65.81%.
The industry rank for SKYX Platforms's 12-1 Month Momentum % or its related term are showing as below:
SKYX's 12-1 Month Momentum % is ranked worse than 97.19% of 2917
companies
in the Industrial Products industry
Industry Median: -2.51
vs SKYX: -65.81
Competitive Comparison
For the Electrical Equipment & Parts subindustry, SKYX Platforms'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.
SKYX Platforms 12-1 Month Momentum % Distribution
For the Industrial Products industry and Industrials sector, SKYX Platforms's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where SKYX Platforms'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.
SKYX Platforms 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of SKYX Platforms's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
SKYX Platforms (SKYX Platforms) Business Description
SKYX Platforms Corp operates in the business of developing proprietary technology that enables a quick and safe installation of electrical fixtures, such as light fixtures and ceiling fans. The company's technology consists of a weight bearing, fixable socket and a revolving plug for conducting electric power and supporting an electrical appliance attached to a wall or ceiling. The socket is comprised of a nonconductive body that houses conductive rings connectable to an electric power supply through terminals in its side exterior. The plug is also comprised of a nonconductive body that houses corresponding conductive rings, attaches to the socket via a male post and is capable of feeding electric power to an appliance. The Company generates its income from the United States.
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