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6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-29), Madison Technologies's 6-1 Month Momentum % is -50.00%.
The industry rank for Madison Technologies's 6-1 Month Momentum % or its related term are showing as below:
For the Broadcasting subindustry, Madison 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.
For the Media - Diversified industry and Communication Services sector, Madison Technologies's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Madison Technologies's 6-1 Month Momentum % falls into.
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.
Madison Technologies (OTCPK:MDEX) 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.
Thank you for viewing the detailed overview of Madison Technologies's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas James Brady | director, 10 percent owner, officer: CEO, CFO, Secretary Treasurer | 750 WEST PENDER STREET, SUITE 202, VANCOUVER A1 V6C 2T7 |
Frank Mcenulty | director | 4182 N. VIKING WAY, SUITE 216, LONG BEACH CA 90808-1475 |
Steven Cozine | director, 10 percent owner, officer: Secy/Treas | 1460 BARCLAY ST. #701, NORTH VANCOUVER A1 V6G 1J5 |
Joseph Gallo | director, 10 percent owner, officer: President | 4445 PATTERDALE DRIVE, NORTH VANCOUVER A1 V7R 4L8 |
Joel Haskins | director, 10 percent owner, officer: Treasurer | 525 SEYMOUR STREET, SUITE 807, VANCOUVER A1 V6B 3H7 |
Kevin Michael Stunder | director, 10 percent owner, officer: President | 525 SEYMOUR STREET, SUITE 807, VANCOUVER A1 V6B 3H7 |
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