Altium (ASX:ALU) 12-1 Month Momentum % : 77.14% (As of May. 04, 2024)

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What is Altium 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 (2024-05-04), Altium's 12-1 Month Momentum % is 77.14%.

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

ASX:ALU's 12-1 Month Momentum % is ranked better than
89.62% of 2726 companies
in the Software industry
Industry Median: -3.89 vs ASX:ALU: 77.14

Competitive Comparison of Altium's 12-1 Month Momentum %

For the Software - Application subindustry, Altium'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.

Altium's 12-1 Month Momentum % Distribution in the Software Industry

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

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

Altium (ASX:ALU) 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.

Altium (ASX:ALU) 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.

Altium 12-1 Month Momentum % Related Terms

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Altium (ASX:ALU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Altium Ltd (ASX:ALU) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

ALMFF:USA A5V:Germany

Address

821 Pacific Highway, Suite 3, Level 6, Tower B, The Zenith, Chatswood, Sydney, NSW, AUS, 2067

Website

https://www.altium.com

Altium is a well-run technology company providing specialized software for the design of printed circuit boards. Altium's core design software has rapidly taken market share in the past decade and is now among the world's most widely used. In addition, Altium owns and operates the world's largest online marketplace for searching and sourcing electronic components used in printed circuit board manufacturing, and this industry is still in the early stages of moving toward online marketing.