6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-30), Casa Systems's 6-1 Month Momentum % is -55.66%.
The industry rank for Casa Systems's 6-1 Month Momentum % or its related term are showing as below:
CASSQ's 6-1 Month Momentum % is ranked worse than 98.62% of 2466
companies
in the Hardware industry
Industry Median: 5.045
vs CASSQ: -55.66
Competitive Comparison of Casa Systems's 6-1 Month Momentum %
For the Communication Equipment subindustry, Casa Systems'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.
Casa Systems's 6-1 Month Momentum % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Casa Systems's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Casa Systems's 6-1 Month Momentum % falls into.
Casa Systems (OTCPK:CASSQ) 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.
Casa Systems (OTCPK:CASSQ) 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.
Casa Systems 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Casa Systems's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Casa Systems Inc is engaged in providing a suite of software-centric infrastructure solutions that allow cable service providers to deliver voice, video and data services over a single platform at multi-gigabit speeds. In addition, the company offers solutions for next-generation distributed and virtualized architectures in cable operator, fixed telecom, and wireless networks. The company focuses on creating a software-centric, multi-service portfolio that enables a broad range of core and access network functions for fixed and wireless networks. The company's product line includes cable networks, IP networks, mobile networks, optical networks, professional and managed services and others. Substantial revenue is generated from North American operations.
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