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Arista Networks (MEX:ANET) 12-1 Month Momentum % : 138.37% (As of Oct. 31, 2024)


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What is Arista Networks 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-10-31), Arista Networks's 12-1 Month Momentum % is 138.37%.

The industry rank for Arista Networks's 12-1 Month Momentum % or its related term are showing as below:

MEX:ANET's 12-1 Month Momentum % is ranked better than
94.35% of 2441 companies
in the Hardware industry
Industry Median: 0.68 vs MEX:ANET: 138.37

Competitive Comparison of Arista Networks's 12-1 Month Momentum %

For the Computer Hardware subindustry, Arista Networks's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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.


Arista Networks's 12-1 Month Momentum % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Arista Networks's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Arista Networks's 12-1 Month Momentum % falls into.



Arista Networks  (MEX:ANET) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-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.


Arista Networks  (MEX:ANET) 12-1 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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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.


Arista Networks 12-1 Month Momentum % Related Terms

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Arista Networks Business Description

Address
5453 Great America Parkway, Santa Clara, CA, USA, 95054
Arista Networks is a networking equipment provider that primarily sells Ethernet switches and software to data centers. Its marquee product is its extensible operating system, or EOS, that runs a single image across every single one of its devices. The firm operates as one reportable segment. It has steadily gained market share since its founding in 2004, with a focus on high-speed applications. Arista counts Microsoft and Meta Platforms as its largest customers and derives roughly three quarters of its sales from North America.