Innovative Designs (Innovative Designs) 12-1 Month Momentum % : -43.04% (As of Apr. 26, 2024)

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What is Innovative Designs 12-1 Month Momentum %?

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), Innovative Designs's 12-1 Month Momentum % is -43.04%.

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

IVDN's 12-1 Month Momentum % is ranked worse than
87.45% of 1100 companies
in the Retail - Cyclical industry
Industry Median: -3.11 vs IVDN: -43.04

Competitive Comparison of Innovative Designs's 12-1 Month Momentum %

For the Apparel Retail subindustry, Innovative Designs'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.

Innovative Designs's 12-1 Month Momentum % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Innovative Designs's 12-1 Month Momentum % distribution charts can be found below:

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

Innovative Designs (OTCPK:IVDN) 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.

Innovative Designs (OTCPK:IVDN) 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.

Innovative Designs 12-1 Month Momentum % Related Terms

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Innovative Designs (Innovative Designs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Innovative Designs Inc (OTCPK:IVDN) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

124 Cherry Street, Pittsburgh, PA, USA, 15223

Website

https://www.idigear.com

Innovative Designs Inc markets cold-weather recreational and industrial clothing products, as well as house wrap, which is made from INSULTEX, a low density foamed polyethylene with buoyancy, scent block and thermal resistant properties. The business activity of the firm is operated through two segments Apparel and Housewrap. The Apparel segment offers a range of cold weather apparel and related items. The Housewrap segment includes its INSULTEX House Wrap and its own seam tape. It generates maximum revenue from the Housewrap segment.

Executives

Robert Kennedy Adams	director	3509 WILLIAM PENN DR., SAN ANTONIO TX 78230
Donald Vincent Garlotta	director	124 CHERRY STREET, PITTSBURGH PA 15223
Joseph Riccelli	director, 10 percent owner, officer: Chief Executive Officer	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Dean Kolocouris	director	109 FOX PATH, MOON TWP PA 15108
Daniel P Rains	director	2509 WIEWAN ROAD, ALIQUIPPA PA 15001
Robert D Monsour	director	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Innovative Designs Inc	director	124 CHERRY ST., STE 1, PITTSBURGH PA 15223
Joseph A Riccelli	officer: Vice President	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Dean P Kolocouris	director	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Frank Riccelli	director, 10 percent owner, officer: President	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Dominic Cerniglia	director	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Anthony Fonzi	director, officer: Chief Financial Officer	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215