6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-04), Allegiant Travel Co's 6-1 Month Momentum % is 1.68%.
The industry rank for Allegiant Travel Co's 6-1 Month Momentum % or its related term are showing as below:
ALGT's 6-1 Month Momentum % is ranked worse than 54.61% of 1053
companies
in the Transportation industry
Industry Median: 3.79
vs ALGT: 1.68
Competitive Comparison of Allegiant Travel Co's 6-1 Month Momentum %
For the Airlines subindustry, Allegiant Travel Co'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.
Allegiant Travel Co's 6-1 Month Momentum % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Allegiant Travel Co's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Allegiant Travel Co's 6-1 Month Momentum % falls into.
Allegiant Travel Co (NAS:ALGT) 6-1 Month Momentum % Calculation
6-1 Month Momentum % is calculated as following:
6-1 Month Momentum %
=
( Price 1-month ago
/
Price 6-month ago
- 1 )
*
100 %
* 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.
Allegiant Travel Co (NAS:ALGT) 6-1 Month Momentum % Explanation
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.
Allegiant Travel Co 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Allegiant Travel Co's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Allegiant Travel Co (Allegiant Travel Co) Business Description
Allegiant Travel Co provides travel services in the United States. It sells air transportation on a stand-alone basis or bundled with air-related and third-party services and products. Customers may also purchase fixed-fee flying arrangements to receive charter service on a year-round and ad hoc basis. Additionally, customers may purchase hotel rooms, ground transportation, and other attractions (for example, entertainment show tickets) to accommodate a trip. The company's operating segment includes Airline, Sunseeker Resort, and other non-airline. Customers purchase travel tickets at airport ticket counters, online, or through its telephone reservation center.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ALGT has been successfully added to your