What is Xtera Communications 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 (2024-05-26), Xtera Communications's 6-1 Month Momentum % is N/A%.
The industry rank for Xtera Communications's 6-1 Month Momentum % or its related term are showing as below:
XCOMQ's 6-1 Month Momentum % is not ranked *
in the Hardware industry.
Industry Median: -3.33 * Ranked among companies with meaningful 6-1 Month Momentum % only.
Competitive Comparison of Xtera Communications's 6-1 Month Momentum %
For the Communication Equipment subindustry, Xtera 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.
Xtera Communications's 6-1 Month Momentum % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Xtera Communications's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Xtera 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.
Xtera Communications 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Xtera Communications's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Xtera Communications (Xtera Communications) Business Description
Xtera Communications Inc is a provider of optical transport solutions. It sells its optical transport solutions to telecommunications service providers, content service providers, enterprises and government entities across the world to support their deployments of long-haul terrestrial and submarine optical cable networks. Its optical networking solutions are designed to offer reach and capacity for intermediate sites between end-points of long-haul networks. Its primary service offerings include services, installation and deployment services, on-site hardware replacement services, system maintenance services, extended hardware warranty services and training across a spectrum of products within the optical networking industry. The company offers hardware, software and turnkey solutions.
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