California Nanotechnologies (California Nanotechnologies) 12-1 Month Momentum %

: 233.35% (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), California Nanotechnologies's 12-1 Month Momentum % is 233.35%.

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

CANOF's 12-1 Month Momentum % is ranked better than
99.1% of 1553 companies
in the Chemicals industry
Industry Median: -6.67 vs CANOF: 233.35

Competitive Comparison

For the Specialty Chemicals subindustry, California Nanotechnologies'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.

California Nanotechnologies 12-1 Month Momentum % Distribution

For the Chemicals industry and Basic Materials sector, California Nanotechnologies's 12-1 Month Momentum % distribution charts can be found below:

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

California Nanotechnologies (OTCPK:CANOF) 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.

California Nanotechnologies (OTCPK:CANOF) 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.

California Nanotechnologies 12-1 Month Momentum % Related Terms

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California Nanotechnologies (California Nanotechnologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » California Nanotechnologies Corp (OTCPK:CANOF) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

CNO:Canada

Address

900, 517 - 10th Avenue S.W., Calgary, AB, CAN, T2R 0A8

Website

https://www.calnanocorp.com

California Nanotechnologies Corp engages in the production, and research and development of nanostructured components and materials. Its products include precision forged components, thermal spray powders, nano light alloy powders, nanoalloy billets, nano superalloy powders, cemented carbides, and tooling. The company products are used in Aerospace, Defense, Automotive, Medical, and Sport and Recreation industries.