6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2023-09-30), Unity Software's 6-1 Month Momentum % is 26.48%.
The industry rank for Unity Software's 6-1 Month Momentum % or its related term are showing as below:
U's 6-1 Month Momentum % is ranked better than 82.22% of 2790
companies
in the Software industry
Industry Median: -3.36
vs U: 26.48
Competitive Comparison
For the Software - Application subindustry, Unity Software'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.
Unity Software 6-1 Month Momentum % Distribution
For the Software industry and Technology sector, Unity Software's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Unity Software's 6-1 Month Momentum % falls in comparison to its industry or sector. The grey bar indicates the 6-1 Month Momentum %'s extreme value range as defined by GuruFocus.
* 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.
Unity Software 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Unity Software's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Unity Software Inc provides a software platform for creating and operating interactive, real-time 3D content. The platform can be used to create, run and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The business is spread across the United States, Greater China, EMEA, APAC and Other Americas, of which key revenue is derived from the EMEA region. The products are used in the gaming industry, architecture and construction sector, animation industry, and designing sector.
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