6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-13), Intellinetics's 6-1 Month Momentum % is 73.28%.
The industry rank for Intellinetics's 6-1 Month Momentum % or its related term are showing as below:
INLX's 6-1 Month Momentum % is ranked better than 92.99% of 2811
companies
in the Software industry
Industry Median: 2.7
vs INLX: 73.28
Competitive Comparison of Intellinetics's 6-1 Month Momentum %
For the Software - Application subindustry, Intellinetics'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.
Intellinetics's 6-1 Month Momentum % Distribution in the Software Industry
For the Software industry and Technology sector, Intellinetics's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Intellinetics's 6-1 Month Momentum % falls into.
* 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.
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.
Intellinetics 6-1 Month Momentum % Related Terms
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Intellinetics (Intellinetics) Business Description
Intellinetics Inc is a document service and solutions software company serving both the small-to-medium business and governmental sectors. The company's digital transformation products and services are provided through two reporting segments: Document Management and Document Conversion. The Document Management segment consists primarily of solutions involving software platforms, which allow customers to capture and manage all documents across operations such as scanned hard-copy documents and all digital documents including those from Microsoft Office 365, digital images, audio, video, and emails. The company's Document Conversion offerings aid clients as a part of their overall document strategy to convert documents from one medium to another.
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