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EarthLabs (OTCPK:SPOFF) 6-1 Month Momentum %

: -19.44% (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 (2023-03-20), EarthLabs's 6-1 Month Momentum % is -19.44%.

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

SPOFF's 6-1 Month Momentum % is ranked worse than
79.1% of 2713 companies
in the Software industry
Industry Median: 0.78 vs SPOFF: -19.44

Competitive Comparison

For the Information Technology Services subindustry, EarthLabs'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.


EarthLabs 6-1 Month Momentum % Distribution

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

* The bar in red indicates where EarthLabs's 6-1 Month Momentum % falls in comparison to its industry or sector. The grey bar indicates the 6-1 Month Momentum %'s extreme value range as defined by GuruFocus.

EarthLabs  (OTCPK:SPOFF) 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.

EarthLabs  (OTCPK:SPOFF) 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.

EarthLabs 6-1 Month Momentum % Related Terms

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EarthLabs (OTCPK:SPOFF) Business Description

EarthLabs logo
Traded in Other Exchanges
69 Yonge Street, Suite 1010, Toronto, ON, CAN, M5E 1K3
EarthLabs Inc is a technology company leveraging artificial intelligence and data science to transform the mineral discovery process, generated targets for MacDonald Mines by combining machine learning and geoscience expertise. It offers a full suite of data and knowledge-driven SaaS tools and services. EarthLabs works with industry customers across all commodity and deposit types to identify new exploration targets, develop cutting-edge technologies, and strategically invest in mineral exploration companies.