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), Navitas Semiconductor's 6-1 Month Momentum % is -18.86%.
The industry rank for Navitas Semiconductor's 6-1 Month Momentum % or its related term are showing as below:
NVTS's 6-1 Month Momentum % is ranked worse than 84.87% of 965
companies
in the Semiconductors industry
Industry Median: 2.36
vs NVTS: -18.86
Competitive Comparison
For the Semiconductors subindustry, Navitas Semiconductor'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.
Navitas Semiconductor 6-1 Month Momentum % Distribution
For the Semiconductors industry and Technology sector, Navitas Semiconductor's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Navitas Semiconductor'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.
Navitas Semiconductor 6-1 Month Momentum % Related Terms
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Navitas Semiconductor (Navitas Semiconductor) Business Description
Navitas Semiconductor Corp develops ultra-efficient gallium nitride (GaN) semiconductors that are revolutionizing power electronics. GaN power ICs integrate GaN power with drive, control, and protection to enable fast charging, high power density, and energy savings for mobile, consumer, enterprise, eMobility, and new energy markets. The company operates as one reportable segment, the design, development, manufacture and marketing of integrated circuits and related components for use in mobile device and other markets. Geographically, the company operates in China, Europe, United States, Rest of Asia and Others. Majority of revenue is generated from China.
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