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RELY (Remitly Global) 6-1 Month Momentum % : -24.90% (As of Oct. 31, 2024)


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What is Remitly Global 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-10-31), Remitly Global's 6-1 Month Momentum % is -24.90%.

The industry rank for Remitly Global's 6-1 Month Momentum % or its related term are showing as below:

RELY's 6-1 Month Momentum % is ranked worse than
81.27% of 2813 companies
in the Software industry
Industry Median: -2.41 vs RELY: -24.90

Competitive Comparison of Remitly Global's 6-1 Month Momentum %

For the Software - Infrastructure subindustry, Remitly Global'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.


Remitly Global's 6-1 Month Momentum % Distribution in the Software Industry

For the Software industry and Technology sector, Remitly Global's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Remitly Global's 6-1 Month Momentum % falls into.



Remitly Global  (NAS:RELY) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %=( Price 1-month ago / Price 6-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.


Remitly Global  (NAS:RELY) 6-1 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 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.


Remitly Global 6-1 Month Momentum % Related Terms

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Remitly Global Business Description

Traded in Other Exchanges
N/A
Address
1111 Third Avenue, Suite 2100, Seattle, WA, USA, 98101
Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated on transaction fees charged to customers and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.
Executives
Joshua Hug director, officer: Chief Operating Officer 1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101
Matthew B. Oppenheimer director, officer: Chief Executive Officer 1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101
Gail A Miller officer: Chief Accounting Officer C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE, WA 98101
Rene Yoakum officer: EVP, Customer and Culture C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE WA 98101
Ankur Sinha officer: Chief Technology Officer C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE WA 98101
Hemanth Munipalli officer: Chief Financial Officer C/O REMITLY GLOBAL, INC., 1111 THIRD AVENUE, SUITE 2100, SEATTLE WA 98101
Bora Chung director C/O BILL.COM HOLDINGS, INC., 1810 EMBARCADERO ROAD, PALO ALTO CA 94303
Nigel W Morris director 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Phyllis J Campbell director C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Ryno Blignaut director C/O XOOM CORPORATION, 100 BUSH STREET, SUITE 300, SAN FRANCISCO CA 94104
Stripes Holdings, Llc 10 percent owner 402 WEST 13TH ST., 4TH FLOOR, NEW YORK NY 10014
Stripes Iii, Lp 10 percent owner 402 WEST 13TH STREET, 4TH FLOOR, NEW YORK NY 10014
Stripes Gp Iii, Llc 10 percent owner 402 WEST 13TH STREET, NEW YORK NY 10014
Kenneth A Fox 10 percent owner
William Kazuo Bryant director 1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101