6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-18), SINTX Technologies's 6-1 Month Momentum % is -91.43%.
The industry rank for SINTX Technologies's 6-1 Month Momentum % or its related term are showing as below:
SINT's 6-1 Month Momentum % is ranked worse than 99.43% of 870
companies
in the Medical Devices & Instruments industry
Industry Median: -7.61
vs SINT: -91.43
Competitive Comparison of SINTX Technologies's 6-1 Month Momentum %
For the Medical Devices subindustry, SINTX Technologies'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.
SINTX Technologies's 6-1 Month Momentum % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, SINTX Technologies's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where SINTX Technologies's 6-1 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 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.
SINTX Technologies 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of SINTX Technologies's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
SINTX Technologies (SINTX Technologies) Business Description
SINTX Technologies Inc is a commercial biomaterial company engaged in using its silicon nitride technology platform to develop, manufacture, and sell a range of medical devices. The company derives product revenue primarily from the manufacture and sale of spinal fusion products used in the treatment of spine disorders. It produces silicon nitride for use in commercial products and product candidates in the forms of Solid Silicon Nitride, Porous Silicon Nitride, and Silicon Nitride Powder, among others. It is also engaged in developing wear-and corrosion-resistant implant components for hip and knee arthroplasty.
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