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Ascendant Digital Acquisition III (NYSE:ACDI) 6-1 Month Momentum %

: 2.20% (As of Today)
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6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2022-11-28), Ascendant Digital Acquisition III's 6-1 Month Momentum % is 2.20%.

The industry rank for Ascendant Digital Acquisition III's 6-1 Month Momentum % or its related term are showing as below:

ACDI's 6-1 Month Momentum % is ranked better than
86.44% of 1040 companies
in the Diversified Financial Services industry
Industry Median: 1.33 vs ACDI: 2.20

Ascendant Digital Acquisition III (NYSE:ACDI) 6-1 Month Momentum % Competitive Comparison

For the Shell Companies subindustry, Ascendant Digital Acquisition III's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 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.

   

Ascendant Digital Acquisition III (NYSE:ACDI) 6-1 Month Momentum % Distribution

For the Diversified Financial Services industry and Financial Services sector, Ascendant Digital Acquisition III's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Ascendant Digital Acquisition III's 6-1 Month Momentum % falls into.



Ascendant Digital Acquisition III  (NYSE:ACDI) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %=( Price 1-month ago / Price 6-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.


Ascendant Digital Acquisition III  (NYSE:ACDI) 6-1 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 6-1 Month Momentum % measures the total return to a stock over the past six 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.


Ascendant Digital Acquisition III 6-1 Month Momentum % Related Terms

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Ascendant Digital Acquisition III (NYSE:ACDI) Business Description

Ascendant Digital Acquisition III logo
Traded in Other Exchanges
Address
667 Madison Avenue, 5th Floor, New York, NY, USA, 10065
Website
Ascendant Digital Acquisition Corp III is a blank check company.
Executives
Jesselson Michael G director 1301 AVENUE OF THE AMERICAS SUITE 4101 NEW YORK NY 10019
Foresman Robert director C/O GLOBAL CONSUMER ACQUISITION CORP 1370 AVENUE OF THE AMERICAS, 28TH FLOOR NEW YORK NY 10019
Hodgson Riaan director, officer: Chief Operating Officer C/O ASCENDANT DIGITAL ACQUISITION CORP. 667 MADISON AVENUE, 5TH FLOOR NEW YORK NY 10065
Gerhard Mark director, officer: Chief Executive Officer 667 MADISON AVENUE, 5TH FLOOR C/O ASCENDANT DIGITAL ACQUISITION CORP. NEW YORK NY 10065
Gomberg David director, 10 percent owner, officer: President C/O ASCENDANT DIGITAL ACQUISITION CORP. 667 MADISON AVENUE, 5TH FLOOR NEW YORK NY 10065
Rosen Mickie director C/O ASCENDANT DIGITAL ACQUISITION CORP. 667 MADISON AVENUE, 5TH FLOOR NEW YORK NY 10065
Nelson Diane director C/O ASCENDANT DIGITAL ACQUISITION CORP. 667 MADISON AVENUE, 5TH FLOOR NEW YORK NY 10065
Ascendant Sponsor Lp Iii director, 10 percent owner C/O ASCENDANT DIGITAL ACQUISITION CORP. 667 MADISON AVENUE NEW YORK NY 10065
Ascendant Sponsor Gp Iii Llc 10 percent owner C/O ASCENDANT DIGITAL ACQUISITION CORP. 667 MADISON AVENUE NEW YORK NY 10065

Ascendant Digital Acquisition III (NYSE:ACDI) Headlines

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