6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-18), Advanced Energy Industries's 6-1 Month Momentum % is -0.22%.
The industry rank for Advanced Energy Industries's 6-1 Month Momentum % or its related term are showing as below:
AEIS's 6-1 Month Momentum % is ranked worse than 54.15% of 2977
companies
in the Industrial Products industry
Industry Median: 0.48
vs AEIS: -0.22
Competitive Comparison
For the Electrical Equipment & Parts subindustry, Advanced Energy Industries'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.
Advanced Energy Industries 6-1 Month Momentum % Distribution
For the Industrial Products industry and Industrials sector, Advanced Energy Industries's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Advanced Energy Industries's 6-1 Month Momentum % falls into.
Advanced Energy Industries (NAS:AEIS) 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.
Advanced Energy Industries (NAS:AEIS) 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.
Advanced Energy Industries 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Advanced Energy Industries's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Advanced Energy Industries (Advanced Energy Industries) Business Description
Advanced Energy Industries Inc provides precision power-conversion measurement and control solutions that transform power into various forms for use in manufacturing and industrial equipment and applications. The firm serves original equipment manufacturers and end customers in the semiconductor, flat panel display, solar panel, and other industrial capital equipment markets. Products include thin-film power-conversion systems, which control and modify raw electrical power into a customizable, predictable power source, and power control modules, which control and measure temperature during manufacturing cycles. A majority of the firm's revenue is generated in the United States, with the rest primarily from Asia and Europe.
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