Salesforce (BUE:CRM) 6-1 Month Momentum % : 83.82% (As of Apr. 25, 2024)

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What is Salesforce 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-25), Salesforce's 6-1 Month Momentum % is 83.82%.

The industry rank for Salesforce's 6-1 Month Momentum % or its related term are showing as below:

BUE:CRM's 6-1 Month Momentum % is ranked better than
85.79% of 2807 companies
in the Software industry
Industry Median: 6.03 vs BUE:CRM: 83.82

Competitive Comparison of Salesforce's 6-1 Month Momentum %

For the Software - Application subindustry, Salesforce'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.

Salesforce's 6-1 Month Momentum % Distribution in the Software Industry

For the Software industry and Technology sector, Salesforce's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Salesforce's 6-1 Month Momentum % falls into.

Salesforce (BUE:CRM) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-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.

Salesforce (BUE:CRM) 6-1 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 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.

Salesforce 6-1 Month Momentum % Related Terms

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Salesforce (BUE:CRM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Salesforce Inc (BUE:CRM) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

CRM:USA CRM:Peru CRM:Mexico CRM_KZ:Kazakhstan 1CRM:Italy FOOd:UK 0QYJ:UK FOO:Germany CRM:Canada SSFO34:Brazil

Address

415 Mission Street, 3rd Floor, Salesforce Tower, San Francisco, CA, USA, 94105

Website

https://www.salesforce.com

Salesforce Inc provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.