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), Veeco Instruments's 12-1 Month Momentum % is 85.96%.
The industry rank for Veeco Instruments's 12-1 Month Momentum % or its related term are showing as below:
VECO's 12-1 Month Momentum % is ranked better than 88.99% of 954
companies
in the Semiconductors industry
Industry Median: -4.64
vs VECO: 85.96
Competitive Comparison of Veeco Instruments's 12-1 Month Momentum %
For the Semiconductor Equipment & Materials subindustry, Veeco Instruments'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.
Veeco Instruments's 12-1 Month Momentum % Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Veeco Instruments's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Veeco Instruments'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.
Veeco Instruments 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Veeco Instruments's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Veeco Instruments (Veeco Instruments) Business Description
Veeco Instruments Inc is a United States-based company that is principally engaged in designing, developing, and manufacturing thin-film process equipment, which is mainly used to produce electronic devices. The company's product categories by market consist of lighting, display, and power electronics; advanced packaging; MEMS and RF; scientific and industrial; and data storage. The lighting, display, and power electronics market accounts for over half of the total revenue. The company offers products and services in the United States; China; Europe, the Middle East, and Africa, or EMEA; and the rest of the world, with overseas markets contributing the majority of total revenue.
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