Aeeris (ASX:AER) 6-1 Month Momentum % : -3.70% (As of May. 29, 2024)

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What is Aeeris 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 (2024-05-29), Aeeris's 6-1 Month Momentum % is -3.70%.

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

ASX:AER's 6-1 Month Momentum % is ranked worse than
53.71% of 2793 companies
in the Software industry
Industry Median: -1.39 vs ASX:AER: -3.70

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

For the Software - Application subindustry, Aeeris'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.

Aeeris's 6-1 Month Momentum % Distribution in the Software Industry

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

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

Aeeris (ASX:AER) 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.

Aeeris (ASX:AER) 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.

Aeeris 6-1 Month Momentum % Related Terms

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Aeeris (ASX:AER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Aeeris Ltd (ASX:AER) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Longboard Circuit, Kingscliff, NSW, AUS, 2487

Website

https://www.aeeris.com

Aeeris Ltd is the developer, operator, and provider of the early warning network. It provides location-based safety, operations management, severe weather, and all hazards data and content services. Early Warning Network platform and proprietary GNIS technology system provides a range of critical services - Live data on natural and man-made hazards affecting its clients, applications to protect workers and assets, aerial and ground-based imaging of facilities and infrastructure, and digital tracking, mapping, and monitoring of assets and personnel. It also provides clients with specific digital alerts and other content in real-time regarding a range of disruptive geospatial events and others. The business operates in one segment and geographically in Australia.