What is Akoustis Technologies 12-1 Month Momentum %?
12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-05-04), Akoustis Technologies's 12-1 Month Momentum % is -78.31%.
The industry rank for Akoustis Technologies's 12-1 Month Momentum % or its related term are showing as below:
AKTS's 12-1 Month Momentum % is ranked worse than 98.73% of 2433
companies
in the Hardware industry
Industry Median: -2.32
vs AKTS: -78.31
Competitive Comparison of Akoustis Technologies's 12-1 Month Momentum %
For the Communication Equipment subindustry, Akoustis Technologies's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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.
Akoustis Technologies's 12-1 Month Momentum % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Akoustis Technologies's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Akoustis Technologies's 12-1 Month Momentum % falls into.
* 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.
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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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.
Akoustis Technologies 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Akoustis Technologies's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Akoustis Technologies (Akoustis Technologies) Business Description
Akoustis Technologies Inc is an emerging commercial product company focused on developing, designing, and manufacturing innovative RF filter solutions for the wireless industry, including for products such as smartphones and tablets, network infrastructure equipment, WiFi Customer Premise Equipment and defense applications. The company has developed a proprietary microelectromechanical system based bulk acoustic wave technology and a unique manufacturing process flow, called XBAW, for filters produced for use in RFFE modules. The company derives revenue from the sale of filter products under individual customer purchase orders, some of which have underlying master sales agreements that specify terms governing the product sales.
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