Fitbit (Fitbit) 6-1 Month Momentum % : 5.41% (As of May. 05, 2024)

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What is Fitbit 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 (2024-05-05), Fitbit's 6-1 Month Momentum % is 5.41%.

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

FIT's 6-1 Month Momentum % is not ranked
in the Hardware industry.
Industry Median: 2.13 vs FIT: 5.41

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

For the Scientific & Technical Instruments subindustry, Fitbit'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.

Fitbit's 6-1 Month Momentum % Distribution in the Hardware Industry

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

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

Fitbit (NYSE:FIT) 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.

Fitbit (NYSE:FIT) 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.

Fitbit 6-1 Month Momentum % Related Terms

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Fitbit (Fitbit) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fitbit Inc (NYSE:FIT) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

199 Fremont Street, 14th Floor, San Francisco, CA, USA, 94105

Website

https://www.fitbit.com

Fitbit Inc is a provider of health and fitness devices. The company's platform combines connected health and fitness devices with software and services. Its platform includes a family of wearable devices which include health and fitness trackers and smartwatches, enable the users to view data about their daily activity, exercise and sleep in real-time. The company software and services which include an online dashboard and mobile app, provide users with data analytics, motivational and social tools, and virtual coaching through customized fitness plans and interactive workouts.

Executives

Eric N. Friedman	director, 10 percent owner, officer: CTO	C/O FITBIT, INC. 405 HOWARD STREET SAN FRANCISCO CA 94105
Andy Missan	officer: EVP, General Counsel, Sect.	C/O FITBIT, INC., 405 HOWARD STREET, SAN FRANCISCO CA 94105
Ronald W Kisling	officer: Chief Financial Officer	2400 BRIDGE PARKWAY, REDWOOD SHORES CA 940651166
Jeffrey P Devine	officer: EVP of Operations	950 WEST MAUDE AVE SUNNYVALE X1 94085
James Park	director, 10 percent owner, officer: PRESIDENT, CEO, COB	C/O FITBIT, INC., 405 HOWARD STREET, SAN FRANCISCO CA 94105
Christopher B Paisley	director	14870 THREE OAKS COURT, SARATOGA CA 95070
Bradley M Fluegel	director	120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Glenda J Flanagan	director	550 BOWIE STREET, AUSTIN TX 78703
Matthew S Bromberg	director	C/O ZYNGA INC., 699 8TH STREET, SAN FRANCISCO CA 94103
Laura Alber	director
Steven Joseph Murray	director	C/O SOFTBANK CAPITAL, 38 GLEN AVENUE, NEWTON MA 02459
William Zerella	officer: CFO	C/O FITBIT, INC., 405 HOWARD STREET, SAN FRANCISCO CA 94105
Jon Callaghan	director	C/O TRUE VENTURES, 530 LYTTON AVE, STE 303, PALO ALTO CA 94301
Edward M. Scal	officer: CHIEF BUSINESS OFFICER	C/O FITBIT, INC. 405 HOWARD STREET SAN FRANCISCO CA 94105
Timothy M. Roberts	officer: EVP, INTERACTIVE	C/O FITBIT, INC. 405 HOWARD STREET SAN FRANCISCO CA 94105