What is SkyWater Technology 12-1 Month Momentum %?
12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-05-08), SkyWater Technology's 12-1 Month Momentum % is 9.28%.
The industry rank for SkyWater Technology's 12-1 Month Momentum % or its related term are showing as below:
SKYT's 12-1 Month Momentum % is ranked better than 58.57% of 951
companies
in the Semiconductors industry
Industry Median: -2.35
vs SKYT: 9.28
Competitive Comparison of SkyWater Technology's 12-1 Month Momentum %
For the Semiconductors subindustry, SkyWater Technology's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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.
SkyWater Technology's 12-1 Month Momentum % Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, SkyWater Technology's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where SkyWater Technology's 12-1 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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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.
SkyWater Technology 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of SkyWater Technology's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
SkyWater Technology (SkyWater Technology) Business Description
SkyWater Technology Inc is a U.S.-based, independent, pure-play technology foundry that offers semiconductor development and manufacturing services from its fabrication facilities. In its technology as a service model, it leverages a foundation of proprietary technology to co-develop process technology intellectual property (IP) with its customers that enable disruptive concepts through its Technology Services for diverse microelectronics (integrated circuits) and related micro- and nanotechnology applications. It focuses on serving diversified, high-growth, end users in numerous vertical markets, including computation, aerospace, defense, or A&D, automotive and transportation, bio-health, consumer, and industrial/internet of things.
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