What is Greenwave Technology Solutions 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 (2024-05-14), Greenwave Technology Solutions's 12-1 Month Momentum % is -85.65%.
GWAV's 12-1 Month Momentum % is ranked worse than 99.19% of 248
companies
in the Waste Management industry
Industry Median: -4.155
vs GWAV: -85.65
Competitive Comparison of Greenwave Technology Solutions's 12-1 Month Momentum %
For the Waste Management subindustry, Greenwave Technology Solutions'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.
Greenwave Technology Solutions's 12-1 Month Momentum % Distribution in the Waste Management Industry
For the Waste Management industry and Industrials sector, Greenwave Technology Solutions's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Greenwave Technology Solutions'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.
Greenwave Technology Solutions 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Greenwave Technology Solutions's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Greenwave Technology Solutions (Greenwave Technology Solutions) Business Description
Greenwave Technology Solutions Inc, through its subsidiary, is an operator of several metal recycling facilities in Virginia and North Carolina. At these facilities, the company is involved in collecting, classifying, and processing raw scrap metal (ferrous and nonferrous) for recycling. The company's products are selling ferrous metal, which is used in the recycling and production of finished steel. It is categorized into heavy melting steel, plate and structural, and shredded scrap. and it also processes nonferrous metals such as aluminum, copper, stainless steel, nickel, brass, titanium, alloys, and mixed metal products.
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