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A2B Australia (ASX:A2B) 6-1 Month Momentum %

: -4.33% (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 (2024-04-23), A2B Australia's 6-1 Month Momentum % is -4.33%.

The industry rank for A2B Australia's 6-1 Month Momentum % or its related term are showing as below:

ASX:A2B's 6-1 Month Momentum % is ranked worse than
61.27% of 2799 companies
in the Software industry
Industry Median: 3.89 vs ASX:A2B: -4.33

Competitive Comparison

For the Software - Infrastructure subindustry, A2B Australia'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.


A2B Australia 6-1 Month Momentum % Distribution

For the Software industry and Technology sector, A2B Australia's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where A2B Australia's 6-1 Month Momentum % falls into.



A2B Australia  (ASX:A2B) 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.


A2B Australia  (ASX:A2B) 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.


A2B Australia 6-1 Month Momentum % Related Terms

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A2B Australia (ASX:A2B) Business Description

Traded in Other Exchanges
Address
9-13 O’Riordan Street, Alexandria, Sydney, NSW, AUS, 2015
A2B Australia Ltd provides payment and other services to taxi operators in Australia and also operates taxis itself. Its brands include 13cabs, Cabcharge, Silver Service, MTI, Spotto, EFT Solutions, and Giraffe payments. The company derives revenue from the Taxi service fee; Network subscription fees and others.

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