6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-13), Sumo Logic's 6-1 Month Momentum % is 46.16%.
The industry rank for Sumo Logic's 6-1 Month Momentum % or its related term are showing as below:
SUMO's 6-1 Month Momentum % is not ranked
in the Software industry.
Industry Median: 2.7
vs SUMO: 46.16
Competitive Comparison of Sumo Logic's 6-1 Month Momentum %
For the Software - Infrastructure subindustry, Sumo Logic'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.
Sumo Logic's 6-1 Month Momentum % Distribution in the Software Industry
For the Software industry and Technology sector, Sumo Logic's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Sumo Logic'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.
Sumo Logic 6-1 Month Momentum % Related Terms
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Sumo Logic Inc is a software company that empowers the people who power modern, digital businesses. It is engaged in a software-as-a-service analytics platform for reliable and secure cloud-native applications. With its platform, It helps its customers ensure application reliability, secure and protect against modern security threats, and gain insights into their cloud infrastructure. Its multi-tenant, cloud-native platform is Continuous Intelligence Platform, a cloud-native, multi-tenant, secure service that its customers leverage to enable reliability and security of their cloud applications and cloud workloads and provides powerful, real-time, machine data analytics and insights across observability and security solutions. The majority of its revenue is generated in the United States.
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