Akanda (Akanda) 12-1 Month Momentum % : -90.23% (As of May. 19, 2024)

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What is Akanda 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 (2024-05-19), Akanda's 12-1 Month Momentum % is -90.23%.

The industry rank for Akanda's 12-1 Month Momentum % or its related term are showing as below:

AKAN's 12-1 Month Momentum % is ranked worse than
97.75% of 1109 companies
in the Drug Manufacturers industry
Industry Median: -9.04 vs AKAN: -90.23

Competitive Comparison of Akanda's 12-1 Month Momentum %

For the Drug Manufacturers - Specialty & Generic subindustry, Akanda'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.

Akanda's 12-1 Month Momentum % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Akanda's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Akanda's 12-1 Month Momentum % falls into.

Akanda (NAS:AKAN) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %

( Price 1-month ago

Price 12-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.

Akanda (NAS:AKAN) 12-1 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 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.

Akanda 12-1 Month Momentum % Related Terms

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Akanda (Akanda) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Akanda Corp (NAS:AKAN) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

Y230:Germany

Address

1A, 1B Learoyd Road, New Romney, GBR, TN28 8XU

Website

https://www.akandacorp.com

Akanda Corp is a cannabis cultivation, manufacturing and distribution company. The Company has three reportable segments: Cultivation, Distribution and Corporate. Cultivating activities comprise the cultivation segment is made up of the medical cannabis cultivation operations at RPK/Holigen in Portugal, and medical cannabis cultivation activities. Distributing activities relate to the distribution of medical cannabis by Canmart Ltd in the United Kingdom. Corporate activities entail head office costs and other general corporate expenses related to the administration of the broader group.