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), Conduent's 6-1 Month Momentum % is -0.62%.
The industry rank for Conduent's 6-1 Month Momentum % or its related term are showing as below:
CNDT's 6-1 Month Momentum % is ranked worse than 59.55% of 2801
companies
in the Software industry
Industry Median: 7.15
vs CNDT: -0.62
Competitive Comparison of Conduent's 6-1 Month Momentum %
For the Information Technology Services subindustry, Conduent'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.
Conduent's 6-1 Month Momentum % Distribution in the Software Industry
For the Software industry and Technology sector, Conduent's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Conduent'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.
Conduent 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Conduent's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Conduent Inc acts as a provider of business process services with expertise in transaction-intensive processing, analytics, and automation. The company provides industry-focused service offerings in growth markets such as Healthcare and Transportation as well as provides multi-industry services such as transaction processing, customer care, and payment services. It operates through three segments namely Commercial Industries which is the key revenue-driving segment, Government Services, and Transportation. The group operates its business in the United States, Europe, and Other areas of which the majority of its revenue is generated in the United States.
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