6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-06), Tetra Tech's 6-1 Month Momentum % is 24.49%.
The industry rank for Tetra Tech's 6-1 Month Momentum % or its related term are showing as below:
TTEK's 6-1 Month Momentum % is ranked better than 73.15% of 1773
companies
in the Construction industry
Industry Median: 6.42
vs TTEK: 24.49
Competitive Comparison of Tetra Tech's 6-1 Month Momentum %
For the Engineering & Construction subindustry, Tetra Tech'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.
Tetra Tech's 6-1 Month Momentum % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Tetra Tech's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Tetra Tech'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.
Tetra Tech 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Tetra Tech's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tetra Tech Inc provides consulting and engineering services for environmental, infrastructure, resource management, energy, and international development markets. It specializes in providing water-related services for public and private clients. It designs infrastructure, facilities, and other structures with complex plans and resource management. Tetra Tech has two reportable segments. Its Government Services Group (GSG) reportable segment primarily includes activities with U.S. government clients (federal, state and local) and activities with development agencies worldwide. Commercial/International Services Group (CIG) reportable segment primarily includes activities with U.S. commercial clients and international clients other than development agencies.
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