Parsons (Parsons) 6-1 Month Momentum % : 36.24% (As of May. 02, 2024)

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What is Parsons 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 (2024-05-02), Parsons's 6-1 Month Momentum % is 36.24%.

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

PSN's 6-1 Month Momentum % is ranked better than
83.7% of 2798 companies
in the Software industry
Industry Median: 6.46 vs PSN: 36.24

Competitive Comparison of Parsons's 6-1 Month Momentum %

For the Information Technology Services subindustry, Parsons'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.

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

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

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

Parsons (NYSE:PSN) 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.

Parsons (NYSE:PSN) 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.

Parsons 6-1 Month Momentum % Related Terms

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Parsons (Parsons) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Parsons Corp (NYSE:PSN) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

59P:Germany 59P:Germany

Address

5875 Trinity Parkway, Suite 300, Centreville, VA, USA, 21120

Website

https://www.parsons.com

Parsons Corp is a provider of technology-driven solutions in the defense, intelligence, and critical infrastructure markets. The business activities of the group are carried out through Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment is a high-end service and technology provider to the U.S. government, delivering timely, cost-effective solutions for mission-critical projects, whereas the Critical Infrastructure segment provides integrated design and engineering services for complex physical and digital infrastructure around the globe.

Executives

George L. Ball	officer: Chief Financial Officer	10943 N. SAM HOUSTON PARKWAY W., HOUSTON TX 77064
Matthew Ofilos	officer: Chief Financial Officer	C/O PARSONS CORPORATION, 5875 TRINITY PARKWAY, #300, CENTREVILLE VA 20210
Ellen M. Lord	director	1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Susan M. Balaguer	officer: Chief Human Resources Officer	C/O PARSONS, 5875 TRINITY PARKWAY #300, CENTREVILLE VA 20120
Carey A. Smith	officer: Chief Operating Officer	6210 ARDREY KELL ROAD, CHARLOTTE NC 28277
Michael Richard Kolloway	officer: See Remarks	5875 TRINITY PKWY #300, CENTREVILLE VA 20120
Harry T. Mcmahon	director	9200 OAKDALE AVENUE, SUITE 900, LOS ANGELES CA 91311
David C Wajsgras	director	870 WINTER STREET, WALTHAM MA 02451
Darren W Mcdew	director	100 ABBOTT PARK ROAD, ABBOTT PARK IL 60064
Letitia A Long	director	C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Debra Fiori	officer: Chief People Officer	C/O PARSONS CORPORATION, 5875 TRINITY PARKWAY, #300, CENTREVILLE VA 20120
Charles L. Harrington	director, officer: See Remarks	5875 TRINITY PKWY #300, CENTREVILLE VA 20120
James F Mcgovern	director
M Christian Mitchell	director	355 S. GRAND AVE, SUITE 1750, LOS ANGELES CA 90071
Mark Holdsworth	director	140 S. LAKE AVE., STE. 304, PASADENA CA 91101