Opera (OPRA) 6-1 Month Momentum % : 34.81% (As of Apr. 27, 2024)

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What is Opera 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-27), Opera's 6-1 Month Momentum % is 34.81%.

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

OPRA's 6-1 Month Momentum % is ranked better than
90.49% of 589 companies
in the Interactive Media industry
Industry Median: -2.49 vs OPRA: 34.81

Competitive Comparison of Opera's 6-1 Month Momentum %

For the Internet Content & Information subindustry, Opera'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.

Opera's 6-1 Month Momentum % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Opera's 6-1 Month Momentum % distribution charts can be found below:

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

Opera (NAS:OPRA) 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.

Opera (NAS:OPRA) 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.

Opera 6-1 Month Momentum % Related Terms

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Opera (OPRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Opera Ltd (NAS:OPRA) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

2V8:Germany 2V8:Germany

Address

Vitaminveien 4, Oslo, NOR, 0485

Website

https://www.opera.com

Opera Ltd is a global internet brand with a large, engaged and growing base. It offers users around the globe a range of products and services that include a variety of PC and mobile browsers, Opera Gaming portals and development tools, Opera News content recommendation products, and a number of e-commerce products and services. Its features include tabbed browsing, data savings, PC/mobile sync, and numerous features focused on privacy and security, including ad blocking and a built-in VPN. Its browser products include Opera Mini, Opera Browser for Android and iOS, Opera for Computers, Opera GX and Opera GX Mobile, separate browsers tailored for gamers. The newest addition of browsers is the beta release of a Web3-centric browser for PC and mobile which is tailored for crypto enthusiasts.