6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-24), PharmaCyte Biotech's 6-1 Month Momentum % is -3.62%.
The industry rank for PharmaCyte Biotech's 6-1 Month Momentum % or its related term are showing as below:
PMCB's 6-1 Month Momentum % is ranked better than 51.02% of 1525
companies
in the Biotechnology industry
Industry Median: -4.76
vs PMCB: -3.62
Competitive Comparison of PharmaCyte Biotech's 6-1 Month Momentum %
For the Biotechnology subindustry, PharmaCyte Biotech'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.
PharmaCyte Biotech's 6-1 Month Momentum % Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, PharmaCyte Biotech's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where PharmaCyte Biotech'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.
PharmaCyte Biotech 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of PharmaCyte Biotech's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
PharmaCyte Biotech (PharmaCyte Biotech) Business Description
PharmaCyte Biotech Inc is a clinical-stage biotechnology company. The company is focused on developing and preparing to commercialize cellular therapies for cancer and diabetes based on a proprietary cellulose-based live cell encapsulation technology known as Cell-in-a-Box. The Cell-in-a-Box technology is intended to be used as a platform upon which therapies for several types of cancer, including advanced, inoperable pancreatic cancer, and diabetes will be developed. It is developing therapies for the pancreas and other solid cancerous tumors involving the encapsulation of live cells placed in the body to enable the delivery of cancer-killing drugs at the source of cancer.
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