QinetiQ Group (QinetiQ Group) 6-1 Month Momentum % : 27.09% (As of May. 03, 2024)

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What is QinetiQ Group 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 (2024-05-03), QinetiQ Group's 6-1 Month Momentum % is 27.09%.

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

QNTQY's 6-1 Month Momentum % is ranked worse than
50.8% of 311 companies
in the Aerospace & Defense industry
Industry Median: 6.53 vs QNTQY: 27.09

Competitive Comparison of QinetiQ Group's 6-1 Month Momentum %

For the Aerospace & Defense subindustry, QinetiQ Group'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.

QinetiQ Group's 6-1 Month Momentum % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, QinetiQ Group's 6-1 Month Momentum % distribution charts can be found below:

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

QinetiQ Group (OTCPK:QNTQY) 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.

QinetiQ Group (OTCPK:QNTQY) 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.

QinetiQ Group 6-1 Month Momentum % Related Terms

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QinetiQ Group (QinetiQ Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » QinetiQ Group PLC (OTCPK:QNTQY) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

QNTQF:USA QQl:UK QQ.:UK QY6:Germany

Address

Ively Road, Cody Technology Park, Farnborough, Hampshire, GBR, GU14 0LX

Website

https://www.qinetiq.com

QinetiQ Group PLC is a company operating in the global aerospace, defense, and security sectors. The services and products offered are air (air engineering services, air traffic management, safety, and environmental management); C4ISR (communication, reconnaissance, intelligence and surveillance, space security, fast jet sensor fusion training, sensors, cyber and data science among many others); Cyber (accreditation support, security health check, data classification, insider threat management among others); Maritime ( Maritime Autonomy Centre, Naval Mission Systems, Maritime Stealth among many others).