6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2022-08-16), Micron Technology's 6-1 Month Momentum % is -35.91%.
The industry rank for Micron Technology's 6-1 Month Momentum % or its related term are showing as below:
MU's 6-1 Month Momentum % is ranked worse than 81.47% of 885
companies
in the Semiconductors industry
Industry Median: -20.78
vs MU: -35.91
Competitive Comparison
For the Semiconductors subindustry, Micron Technology'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.
Micron Technology 6-1 Month Momentum % Distribution
For the Semiconductors industry and Technology sector, Micron Technology's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Micron Technology'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.
Micron Technology 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Micron Technology's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Micron historically focused on designing and manufacturing DRAM for PCs. The firm then expanded into the NAND flash memory market. It increased its DRAM scale with the purchase of Elpida (completed in mid-2013) and Inotera (completed in December 2016). The firm's DRAM and NAND products tailored to PCs, data centers, smartphones, game consoles, automotives, and other computing devices.
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