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6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-27), Tactile Systems Technology's 6-1 Month Momentum % is 43.81%.
The industry rank for Tactile Systems Technology's 6-1 Month Momentum % or its related term are showing as below:
For the Medical Devices subindustry, Tactile Systems 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.
For the Medical Devices & Instruments industry and Healthcare sector, Tactile Systems Technology's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Tactile Systems Technology's 6-1 Month Momentum % falls into.
6-1 Month Momentum % is calculated as following:
6-1 Month Momentum % | = | ( Price 1-month ago | / | Price 6-month ago | - 1 ) | * | 100 % |
* 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.
Tactile Systems Technology (NAS:TCMD) 6-1 Month Momentum % Explanation
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.
Thank you for viewing the detailed overview of Tactile Systems Technology's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Boyd Vindell Washington | director | 1331 TYLER STREET NE, STE 200, MINNEAPOLIS MN 55413 |
Daniel L. Reuvers | director, officer: President and CEO | INTEGRA LIFESCIENCES CORPORATION, 311 ENTERPRISE DRIVE, PLAINSBORO NJ 08536 |
Sherri Lee Ferstler | officer: Senior VP, Sales | 1331 TYLER STREET NE, STE 200, MINNEAPOLIS MN 55413 |
William W Burke | director | 3868 MOCKINGBIRD LN, DALLAS TX 75205 |
Kristie Burns | officer: Sr. VP Mktg & Clinical Affairs | 3701 WAYZATA BLVD, MINNEAPOLIS MN 55416 |
Eric Pauls | officer: Senior VP, Sales | 3701 WAYZATA BLVD, SUITE 300, MINNEAPOLIS MN 55416 |
Elaine M. Birkemeyer | officer: Chief Financial Officer | 3701 WAYZATA BLVD, SUITE 300, MINNEAPOLIS MN 55416 |
Brent Moen | officer: Chief Financial Officer | 3600 HOLLY LANE NORTH, SUITE 40, PLYMOUTH MN 55447 |
Carmen B Volkart | director | C/O MODULAR MEDICAL, INC., 16772 WEST BERNARDO DRIVE, SAN DIEGO CA 92127 |
Valerie L. Asbury | director | 3701 WAYZATA BLVD, SUITE 300, MINNEAPOLIS MN 55416 |
David Brent Shafer | director | 2800 ROCKCREEK PARKWAY, NORTH KANSAS CITY MO 64117 |
Bryan Rishe | officer: Vice President, Sales | 1331 TYLER STREET NE, SUITE 200, MINNEAPOLIS MN 55413 |
Deepti Jain | director | 3701 WAYZATA BLVD, MINNEAPOLIS MN 55416 |
Sheri Louise Dodd | director | 3701 WAYZATA BLVD, SUITE 300, MINNEAPOLIS MN 55416 |
Gerald R. Mattys | director, officer: Chief Executive Officer | 1331 TYLER STREET NE, SUITE 200, MINNEAPOLIS MN 55413 |
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