Optiva (TSX:OPT) 12-1 Month Momentum %

: -62.54% (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 (2024-04-16), Optiva's 12-1 Month Momentum % is -62.54%.

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

TSX:OPT's 12-1 Month Momentum % is ranked worse than
90.92% of 2720 companies
in the Software industry
Industry Median: -5.995 vs TSX:OPT: -62.54

Competitive Comparison

For the Software - Infrastructure subindustry, Optiva'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.

Optiva 12-1 Month Momentum % Distribution

For the Software industry and Technology sector, Optiva's 12-1 Month Momentum % distribution charts can be found below:

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

Optiva (TSX:OPT) 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.

Optiva (TSX:OPT) 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.

Optiva 12-1 Month Momentum % Related Terms

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Optiva (TSX:OPT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Optiva Inc (TSX:OPT) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

RKNEF:USA

Address

2233 Argentia Road, Suite 302, East Tower, Mississauga, ON, CAN, L5N 2X7

Website

https://www.optiva.com

Optiva Inc is engaged in offering next-generation software solutions to help the telco industry and customers leverage today's digital technologies. The company's portfolio of products enables real-time billing, charging, policy management and user experience that are critical to customers' growth and performance. When deployed in the cloud, Optiva solutions deliver the most impact for the best value. The company's vision, market knowledge, analytical insights and Customer Success Program ensure customers are equipped to achieve their strategic business goals today and into the future.