6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-21), Veralto's 6-1 Month Momentum % is 25.62%.
The industry rank for Veralto's 6-1 Month Momentum % or its related term are showing as below:
VLTO's 6-1 Month Momentum % is ranked better than 83.53% of 2994
companies
in the Industrial Products industry
Industry Median: -1.885
vs VLTO: 25.62
Competitive Comparison of Veralto's 6-1 Month Momentum %
For the Pollution & Treatment Controls subindustry, Veralto'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.
Veralto's 6-1 Month Momentum % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Veralto's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Veralto'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.
Veralto 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Veralto's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Veralto Corp is company which is a global provider of essential technology solutions that safeguard many of the world's most vital resources. The company operates in two segments such as Water Quality and Product Quality & Innovation. Through WQ segment they improve the quality and reliability of water through leading brands including Hach, Trojan Technologies and ChemTreat. Through PQI segment they promote consumer trust in products and help enable product innovation through leading brands including Videojet, Linx, Esko, X-Rite and Pantone.
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