FendX Technologies (XCNQ:FNDX) 12-1 Month Momentum % : -24.71% (As of May. 17, 2024)

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What is FendX Technologies 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 (2024-05-17), FendX Technologies's 12-1 Month Momentum % is -24.71%.

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

XCNQ:FNDX's 12-1 Month Momentum % is ranked worse than
71.62% of 1554 companies
in the Chemicals industry
Industry Median: -8.11 vs XCNQ:FNDX: -24.71

Competitive Comparison of FendX Technologies's 12-1 Month Momentum %

For the Specialty Chemicals subindustry, FendX Technologies'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.

FendX Technologies's 12-1 Month Momentum % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, FendX Technologies's 12-1 Month Momentum % distribution charts can be found below:

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

FendX Technologies (XCNQ:FNDX) 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.

FendX Technologies (XCNQ:FNDX) 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.

FendX Technologies 12-1 Month Momentum % Related Terms

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FendX Technologies (XCNQ:FNDX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » FendX Technologies Inc (XCNQ:FNDX) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

FDXTF:USA E8D:Germany

Address

2010 Winston Park Drive, 2nd Floor, Oakville, ON, CAN, L6H 5R7

Website

https://www.fendxtech.com

FendX Technologies Inc is a technology company focused on developing surface protection products that protect surfaces from pathogen contamination. It is focused on the research, development and commercialization of surface protection coatings using Licensed Technology. The company is currently developing its anticipated first product, REPELWRAP to protect high-contact surfaces from contamination to reduce the transmission of harmful pathogens. The Company has a growing intellectual property portfolio consisting of licensed nonprovisional national stage patent applications.