What is Syntec Optics Holdings 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 (2024-05-29), Syntec Optics Holdings's 6-1 Month Momentum % is -33.57%.
The industry rank for Syntec Optics Holdings's 6-1 Month Momentum % or its related term are showing as below:
OPTX's 6-1 Month Momentum % is ranked worse than 89.88% of 2471
companies
in the Hardware industry
Industry Median: -3.48
vs OPTX: -33.57
Competitive Comparison of Syntec Optics Holdings's 6-1 Month Momentum %
For the Electronic Components subindustry, Syntec Optics Holdings'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.
Syntec Optics Holdings's 6-1 Month Momentum % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Syntec Optics Holdings's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Syntec Optics Holdings'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.
Syntec Optics Holdings 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Syntec Optics Holdings's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Syntec Optics Holdings (Syntec Optics Holdings) Business Description
Syntec Optics Holdings Inc is vertically integrated from design and component manufacturing for lens system assembly to imaging module integration for system solutions. Making its tools, molding, and nano machining allows close interaction and recut ability, enabling special techniques to hold tolerances to sub-micron levels. Syntec Optics has steadily developed a variety of other complementary manufacturing techniques to provide a wide suite of horizontal capabilities including thin film deposition coatings, glass molding, polymer molding, tool-making, mechanical manufacturing, and nano machining.
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