6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-16), Precision Optics's 6-1 Month Momentum % is -10.34%.
The industry rank for Precision Optics's 6-1 Month Momentum % or its related term are showing as below:
POCI's 6-1 Month Momentum % is ranked worse than 55.08% of 866
companies
in the Medical Devices & Instruments industry
Industry Median: -6.59
vs POCI: -10.34
Competitive Comparison of Precision Optics's 6-1 Month Momentum %
For the Medical Instruments & Supplies subindustry, Precision Optics'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.
Precision Optics's 6-1 Month Momentum % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Precision Optics's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Precision Optics'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.
Precision Optics 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Precision Optics's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Precision Optics (Precision Optics) Business Description
Precision Optics Corp Inc is engaged in designing, developing, and manufacturing advanced optical instruments. It manufactures medical products such as endoscopes and endocouplers which incorporate various optical technologies for use in a variety of minimally invasive surgical and diagnostic procedures. The company also produces endoscopes for various applications as well as designs and manufactures custom optical medical devices to satisfy customers' specific requirements. In addition, the company manufactures and sells components and assemblies specially designed for industrial and military use. The company earns the majority of its revenue from the United States.
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