12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-28), Soluna Holdings's 12-1 Month Momentum % is -48.60%.
The industry rank for Soluna Holdings's 12-1 Month Momentum % or its related term are showing as below:
SLNH's 12-1 Month Momentum % is ranked worse than 94.68% of 808
companies
in the Capital Markets industry
Industry Median: 15.575
vs SLNH: -48.60
Competitive Comparison of Soluna Holdings's 12-1 Month Momentum %
For the Capital Markets subindustry, Soluna Holdings'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.
Soluna Holdings's 12-1 Month Momentum % Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Soluna Holdings's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Soluna Holdings'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.
Soluna Holdings 12-1 Month Momentum % Related Terms
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Soluna Holdings (Soluna Holdings) Business Description
Soluna Holdings Inc, is a U.S based company that conducts operations through its subsidiary. The group is engaged in the mining of cryptocurrency through data centers that can be powered by renewable energy sources. The data centers buy every excess megawatt to use for batch-oriented, computing-intensive processes such as cryptocurrency mining or machine learning which is a low-risk and low-friction solution to use as a smartphone.
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