Global Tech Industries Group (Global Tech Industries Group) 6-1 Month Momentum % : -57.39% (As of Apr. 28, 2024)

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What is Global Tech Industries Group 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 (2024-04-28), Global Tech Industries Group's 6-1 Month Momentum % is -57.39%.

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

GTII's 6-1 Month Momentum % is ranked worse than
98.44% of 576 companies
in the Conglomerates industry
Industry Median: 7.2 vs GTII: -57.39

Competitive Comparison of Global Tech Industries Group's 6-1 Month Momentum %

For the Conglomerates subindustry, Global Tech Industries Group'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.

Global Tech Industries Group's 6-1 Month Momentum % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Global Tech Industries Group's 6-1 Month Momentum % distribution charts can be found below:

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

Global Tech Industries Group (OTCPK:GTII) 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.

Global Tech Industries Group (OTCPK:GTII) 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.

Global Tech Industries Group 6-1 Month Momentum % Related Terms

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Global Tech Industries Group (Global Tech Industries Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Global Tech Industries Group Inc (OTCPK:GTII) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

511 Sixth Avenue, Suite 800, New York, NY, USA, 10011

Website

https://www.gtii-us.com

Global Tech Industries Group Inc currently has no operations. It is seeking opportunities to utilize its intellectual properties and relationships with valued business associates.

Executives

David I Reichman	director, officer: CEO and President	511 AVENUE OF THE AMERICAS, SUITE 800, NEW YORK NY 10011
Frank Benintendo	director	11 SEAMAN COURT, OLD BRIDGE NJ 08857
Don Harold Gilbert	director	PO BOX 090122, STATEN ISLAND NY 10309
Kathy M Griffin	director, officer: President	98 BLACK ROCK DRIVE, HINGHAM MA 02043
Global Tech Industries Group, Inc.	director, 10 percent owner, officer: Chief Executive Officer	511 SIXTH AVENUE, SUITE 800, NEW YORK NY 10011
Tree Top Industries, Inc. Profit Sharing Plan Trust	other: Employee Trust	40 CENTRAL PARK SOUTH, 8H, NEW YORK NY 10019
Robert Hantman	director	511 SIXTH AVENUE, SUITE 800, NEW YORK NY 10011
Michael Valle	director	511 AVENUE OF THE AMERICAS, SUITE 800, NEW YORK NY 10011
L G Davis	10 percent owner	511 AVENUE OF THE AMERICAS, SUITE 800, NEW YORK NY 10011
Justine Reichman	10 percent owner	511 AVENUE OF THE AMERICAS, SUITE 800, NEW YORK NY 10011
Trisha Woods	10 percent owner, officer: President of Wholly-Owned Sub.	1041 N. FORMOSA AVE., WRITERS' BLDG 2 & 3, WEST HOLLYWOOD CA 90046
James Black	10 percent owner	1041 N. FORMOSA AVE., WRITERS' BLDG 2 & 3, WEST HOLLYWOOD CA 90046