6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-27), Arrow Electronics's 6-1 Month Momentum % is 12.28%.
The industry rank for Arrow Electronics's 6-1 Month Momentum % or its related term are showing as below:
ARW's 6-1 Month Momentum % is ranked better than 62.05% of 2469
companies
in the Hardware industry
Industry Median: 4.9
vs ARW: 12.28
Competitive Comparison of Arrow Electronics's 6-1 Month Momentum %
For the Electronics & Computer Distribution subindustry, Arrow Electronics'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.
Arrow Electronics's 6-1 Month Momentum % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Arrow Electronics's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Arrow Electronics's 6-1 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 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.
Arrow Electronics 6-1 Month Momentum % Related Terms
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Arrow Electronics (Arrow Electronics) Business Description
Arrow Electronics Inc. is a provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. It has one of the world's broadest portfolios of product offerings available from electronic components and enterprise computing solutions suppliers, coupled with a range of services, solutions, and software, the company helps industrial and commercial customers introduce products, reduce their time to market, and enhance their overall competitiveness. The company has two business segments, the components business and the enterprise computing solutions.
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