Alcon (LTS:0A0D) 12-1 Month Momentum %

: 18.96% (As of Today)

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12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-18), Alcon's 12-1 Month Momentum % is 18.96%.

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

LTS:0A0D's 12-1 Month Momentum % is ranked better than
80.75% of 857 companies
in the Medical Devices & Instruments industry
Industry Median: -18.34 vs LTS:0A0D: 18.96

Competitive Comparison

For the Medical Instruments & Supplies subindustry, Alcon'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.

Alcon 12-1 Month Momentum % Distribution

For the Medical Devices & Instruments industry and Healthcare sector, Alcon's 12-1 Month Momentum % distribution charts can be found below:

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

Alcon (LTS:0A0D) 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.

Alcon (LTS:0A0D) 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.

Alcon 12-1 Month Momentum % Related Terms

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Alcon (LTS:0A0D) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Alcon Inc (LTS:0A0D) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

ALC:USA ALC:Mexico ALCz:UK ALC:Switzerland

Address

Chemin de Blandonnet 8, Royce Bedward, Vernier, Geneva, CHE, 1214

Website

https://www.alcon.com

Alcon is one of the leading visioncare companies in the world. Following nine years as a Novartis subsidiary, it was spun off as a public company in April 2019. Alcon operates in two segments: visioncare and surgical. Visioncare comprises contact lenses, lenscare solutions, and a suite of ocular health products. With brands like Dailies, Total1, and Air Optix, Alcon controls one fourth of the U.S. contact lens market. Surgical comprises intraocular lenses, ophthalmic surgical equipment, and consumables used during surgeries. Its main products include Centurion, a phacoemulsification device used during cataract surgeries, and a portfolio of IOLs including PanOptix and Vivity. Alcon has one of the largest installed bases of eye surgical equipment in the world.

Alcon (LTS:0A0D) Headlines

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