12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-25), Faro Technologies's 12-1 Month Momentum % is -8.93%.
The industry rank for Faro Technologies's 12-1 Month Momentum % or its related term are showing as below:
FARO's 12-1 Month Momentum % is ranked worse than 58.95% of 2429
companies
in the Hardware industry
Industry Median: -1.38
vs FARO: -8.93
Competitive Comparison of Faro Technologies's 12-1 Month Momentum %
For the Scientific & Technical Instruments subindustry, Faro Technologies'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.
Faro Technologies's 12-1 Month Momentum % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Faro Technologies's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Faro Technologies's 12-1 Month Momentum % falls into.
* 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.
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.
Faro Technologies 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Faro Technologies's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Faro Technologies (Faro Technologies) Business Description
Faro Technologies Inc is a global technology company. It designs, develops, manufactures, markets and supports software-driven, three-dimensional (3-D) measurement, imaging, and realization solutions for the 3D metrology, architecture, engineering and construction (AEC), Operations and Maintenance (O&M) and public safety analytics markets. The company enables its customers to capture, measure, manipulate, interact with and share 3D and 2D data from the physical world in a virtual environment and then translate the information back into the physical domain. FARO suite of 3D products and software solutions are used for the inspection of components and assemblies, rapid prototyping, reverse engineering, documenting large volumes or structures in 3D, surveying, and construction.
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