6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-06-03), GTT Communications's 6-1 Month Momentum % is -74.36%.
The industry rank for GTT Communications's 6-1 Month Momentum % or its related term are showing as below:
GTTNQ's 6-1 Month Momentum % is not ranked
in the Telecommunication Services industry.
Industry Median: 0.34
vs GTTNQ: -74.36
Competitive Comparison of GTT Communications's 6-1 Month Momentum %
For the Telecom Services subindustry, GTT Communications'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.
GTT Communications's 6-1 Month Momentum % Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, GTT Communications's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where GTT Communications'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.
GTT Communications 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of GTT Communications's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
GTT Communications (GTT Communications) Business Description
GTT operates a global communications network, providing telecommunications services to large, multinational enterprises, carriers, and governments across five continents. Offerings include wide-area networks, Internet services (including Internet transit), voice, and other transport and infrastructure services. GTT's network consists primarily of leased assets over long-haul routes and connects in over 600 data centers worldwide. The firm uses other carriers for last-mile connections, and its model results in low capital spending needs. GTT relies heavily on acquisitions to expand its footprint. Customers primarily located in the United States account for about 40% of the firm's revenue, with most non-U.S. revenue coming from customers primarily in Europe.
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