FX International AB (XSAT:FXI) 12-1 Month Momentum % : -77.54% (As of May. 22, 2024)

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What is FX International AB 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 (2024-05-22), FX International AB's 12-1 Month Momentum % is -77.54%.

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

XSAT:FXI's 12-1 Month Momentum % is ranked worse than
98.96% of 1725 companies
in the Asset Management industry
Industry Median: 0.68 vs XSAT:FXI: -77.54

Competitive Comparison of FX International AB's 12-1 Month Momentum %

For the Asset Management subindustry, FX International AB'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.

FX International AB's 12-1 Month Momentum % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, FX International AB's 12-1 Month Momentum % distribution charts can be found below:

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

FX International AB (XSAT:FXI) 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.

FX International AB (XSAT:FXI) 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.

FX International AB 12-1 Month Momentum % Related Terms

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FX International AB (XSAT:FXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » FX International AB (XSAT:FXI) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Drottninggatan 62, Helsingborg, FIN, 252 21

Website

http://www.fxi.se

FX International AB is engaged in currency trading through algorithm-driven computer program with goal to maximize return on its capital for shareholders. The company's business model focuses on algorithm-driven trading using artificial intelligence within the foreign exchange market. It also have trading platform namely, Genova FX.