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RMA Global (ASX:RMY) 6-1 Month Momentum % : 18.03% (As of May. 14, 2024)


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What is RMA Global 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 (2024-05-14), RMA Global's 6-1 Month Momentum % is 18.03%.

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

ASX:RMY's 6-1 Month Momentum % is ranked better than
76.52% of 592 companies
in the Interactive Media industry
Industry Median: -7.205 vs ASX:RMY: 18.03

Competitive Comparison of RMA Global's 6-1 Month Momentum %

For the Internet Content & Information subindustry, RMA Global'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.


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

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

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



RMA Global  (ASX:RMY) 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.


RMA Global  (ASX:RMY) 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.


RMA Global 6-1 Month Momentum % Related Terms

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RMA Global (ASX:RMY) Business Description

Traded in Other Exchanges
N/A
Address
112?114 Balmain Street, Cremorne, Melbourne, VIC, AUS, 3121
RMA Global Ltd is an Australia based company. The company is engaged in the online digital marketing business. It provides data on a residential property sale. The company generates revenue from Subscription and Promoter. Geographically, it has a presence in the USA, Australia, and New Zealand. It derives a majority of revenue from Australia.

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