Gaotu Techedu (Gaotu Techedu) 6-1 Month Momentum % : 125.29% (As of May. 17, 2024)

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What is Gaotu Techedu 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 (2024-05-17), Gaotu Techedu's 6-1 Month Momentum % is 125.29%.

The industry rank for Gaotu Techedu's 6-1 Month Momentum % or its related term are showing as below:

GOTU's 6-1 Month Momentum % is ranked better than
97.04% of 270 companies
in the Education industry
Industry Median: -1.02 vs GOTU: 125.29

Competitive Comparison of Gaotu Techedu's 6-1 Month Momentum %

For the Education & Training Services subindustry, Gaotu Techedu'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.

Gaotu Techedu's 6-1 Month Momentum % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Gaotu Techedu's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Gaotu Techedu's 6-1 Month Momentum % falls into.

Gaotu Techedu (NYSE:GOTU) 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.

Gaotu Techedu (NYSE:GOTU) 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.

Gaotu Techedu 6-1 Month Momentum % Related Terms

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Gaotu Techedu (Gaotu Techedu) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Gaotu Techedu Inc (NYSE:GOTU) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

18WA:Germany

Address

10 Xibeiwang East Road, 5th Floor, Gientech Building, 17 East Zone, Haidian District, Beijing, CHN, 100193

Website

https://ir.gaotu.cn

Gaotu Techedu Inc is a technology-driven education company with core expertise in online K-12 courses. Its K-12 courses cover all primary and secondary grades. It also offers foreign language, professional, and interest courses. The company's segment includes the provision of education services. It operates solely in the PRC and all assets are located in the PRC.