What is Teledyne Technologies 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 (2024-04-30), Teledyne Technologies's 6-1 Month Momentum % is 15.81%.
The industry rank for Teledyne Technologies's 6-1 Month Momentum % or its related term are showing as below:
TDY's 6-1 Month Momentum % is ranked better than 66.38% of 2466
companies
in the Hardware industry
Industry Median: 5.045
vs TDY: 15.81
Competitive Comparison of Teledyne Technologies's 6-1 Month Momentum %
For the Scientific & Technical Instruments subindustry, Teledyne Technologies'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.
Teledyne Technologies's 6-1 Month Momentum % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Teledyne Technologies's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Teledyne Technologies'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.
Teledyne Technologies 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Teledyne Technologies's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Teledyne Technologies (Teledyne Technologies) Business Description
Teledyne Technologies Inc sells technologies for industrial markets. Roughly a fourth of Teledyne's revenue comes from contracts with the United States government. The firm operates in four segments: instrumentation, digital imaging, aerospace and defense electronics, and engineered systems. The instrumentation segment provides monitoring instruments primarily for marine and environmental applications. The digital imaging segment contributes the largest proportion of revenue, and includes image sensors and cameras for industrial, government, and medical customers. The aerospace and defense electronics segment provides electronic components and communication products for aircraft. The engineered systems segment provides solutions for defense, space, environmental, and energy applications.
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