6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-29), SolarWinds's 6-1 Month Momentum % is 33.40%.
The industry rank for SolarWinds's 6-1 Month Momentum % or its related term are showing as below:
SWI's 6-1 Month Momentum % is ranked better than 79.63% of 2794
companies
in the Software industry
Industry Median: 7.23
vs SWI: 33.40
Competitive Comparison of SolarWinds's 6-1 Month Momentum %
For the Software - Infrastructure subindustry, SolarWinds'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.
SolarWinds's 6-1 Month Momentum % Distribution in the Software Industry
For the Software industry and Technology sector, SolarWinds's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where SolarWinds'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.
SolarWinds 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of SolarWinds's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
SolarWinds Corp is a provider of information technology (IT), and management software. Company offers full-stack observability solutions. The company's business is focused on building products that enable technology professionals and leaders to securely monitor and manage the performance of their IT environments, whether on-premises, in the cloud or in hybrid deployments. The products offered are designed to monitor and manage networks, systems, databases and applications across on-premises, multi-cloud and hybrid IT environments without the need for customization or professional services. Majority of company's revenue is earned in United States.
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