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), Abbott Laboratories's 6-1 Month Momentum % is 18.64%.
The industry rank for Abbott Laboratories's 6-1 Month Momentum % or its related term are showing as below:
ABT's 6-1 Month Momentum % is ranked better than 71.44% of 872
companies
in the Medical Devices & Instruments industry
Industry Median: -0.54
vs ABT: 18.64
Competitive Comparison of Abbott Laboratories's 6-1 Month Momentum %
For the Medical Devices subindustry, Abbott Laboratories'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.
Abbott Laboratories's 6-1 Month Momentum % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Abbott Laboratories's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Abbott Laboratories'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.
Abbott Laboratories 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Abbott Laboratories's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Abbott Laboratories (Abbott Laboratories) Business Description
Abbott manufactures and markets cardiovascular and diabetes devices, adult and pediatric nutritional products, diagnostic equipment and testing kits, and branded generic drugs. Products include pacemakers, implantable cardioverter defibrillators, neuromodulation devices, coronary stents, catheters, infant formula, nutritional liquids for adults, continuous glucose monitors, and immunoassays and point-of-care diagnostic equipment. Abbott derives approximately 60% of sales outside the United States.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ABT has been successfully added to your