What is L3Harris Technologies 6-1 Month Momentum %?
6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-26), L3Harris Technologies's 6-1 Month Momentum % is 20.46%.
The industry rank for L3Harris Technologies's 6-1 Month Momentum % or its related term are showing as below:
LHX's 6-1 Month Momentum % is ranked better than 65.16% of 310
companies
in the Aerospace & Defense industry
Industry Median: 7.595
vs LHX: 20.46
Competitive Comparison of L3Harris Technologies's 6-1 Month Momentum %
For the Aerospace & Defense subindustry, L3Harris Technologies'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.
L3Harris Technologies's 6-1 Month Momentum % Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, L3Harris Technologies's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where L3Harris Technologies'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.
L3Harris Technologies 6-1 Month Momentum % Related Terms
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L3Harris Technologies (L3Harris Technologies) Business Description
L3Harris Technologies provides products for the command, control, communications, computers, intelligence, surveillance, and reconnaissance, or C4ISR, market. The firm produces uncrewed aerial vehicles, sensors, and avionics, as well as provides military and commercial training services and maintains the U.S. Federal Aviation Administration's communications infrastructure. In July 2023, the company acquired Aerojet Rocketdyne, a key supplier of rocket motors to the space and defense industry.
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