6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-19), Gogo's 6-1 Month Momentum % is -28.25%.
The industry rank for Gogo's 6-1 Month Momentum % or its related term are showing as below:
GOGO's 6-1 Month Momentum % is ranked worse than 89.78% of 401
companies
in the Telecommunication Services industry
Industry Median: 1.5
vs GOGO: -28.25
Competitive Comparison
For the Telecom Services subindustry, Gogo'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.
Gogo 6-1 Month Momentum % Distribution
For the Telecommunication Services industry and Communication Services sector, Gogo's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Gogo's 6-1 Month Momentum % falls into.
Gogo (NAS:GOGO) 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.
Gogo (NAS:GOGO) 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.
Gogo 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Gogo's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Gogo Inc is a us-based in-flight connectivity system and service provider. The company through its subsidiaries offers aero communications, in-flight broadband, and wireless in-cabin digital entertainment solutions for the aviation industry. Its business segments include; Commercial Aviation North America, Commercial Aviation Rest of World, and Business Aviation. The company offers connectivity and entertainment services to commercial airlines flying routes within North America, satellite-based connectivity and entertainment services to foreign-based commercial airlines and North American-based commercial airlines flying outside North America, and a variety of in-flight Internet connectivity and other voice and data communications products and services.
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