12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-28), Array Technologies's 12-1 Month Momentum % is -30.44%.
The industry rank for Array Technologies's 12-1 Month Momentum % or its related term are showing as below:
ARRY's 12-1 Month Momentum % is ranked worse than 79.75% of 953
companies
in the Semiconductors industry
Industry Median: -1.37
vs ARRY: -30.44
Competitive Comparison of Array Technologies's 12-1 Month Momentum %
For the Solar subindustry, Array Technologies's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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.
Array Technologies's 12-1 Month Momentum % Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Array Technologies's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Array Technologies's 12-1 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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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.
Array Technologies 12-1 Month Momentum % Related Terms
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Array Technologies (Array Technologies) Business Description
Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's product is an integrated system of steel supports, electric motors, gearboxes and electronic controllers referred to as a single-axis tracker that move solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Its operations are in the United States, Australia, Spain, Brazil and Rest of the World with the United States deriving the majority of the revenue.
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