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), Giga-tronics's 6-1 Month Momentum % is 14.05%.
The industry rank for Giga-tronics's 6-1 Month Momentum % or its related term are showing as below:
GIGA's 6-1 Month Momentum % is not ranked
in the Hardware industry.
Industry Median: 3.885
vs GIGA: 14.05
Competitive Comparison of Giga-tronics's 6-1 Month Momentum %
For the Scientific & Technical Instruments subindustry, Giga-tronics'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.
Giga-tronics's 6-1 Month Momentum % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Giga-tronics's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Giga-tronics'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.
Giga-tronics 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Giga-tronics's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Giga-tronics Inc operates in two segments comprising Giga-tronics Division and Microsource. Giga-tronics segment designs manufacture and markets the Advanced Signal Generator (ASG) for the electronic warfare market. Giga-tronics has produced test and measurement equipment used for the design, production, repair, and maintenance of products in aerospace, telecommunications, Radar, and electronic warfare. The Microsource develops and manufactures YIG (Yttrium, Iron, Garnet) tuned oscillators, filters and microwave synthesizers, which are used by its customers in operational applications and in manufacturing a variety of microwave instruments and devices.
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