12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-27), Surgalign Holdings's 12-1 Month Momentum % is -99.68%.
The industry rank for Surgalign Holdings's 12-1 Month Momentum % or its related term are showing as below:
SRGAQ's 12-1 Month Momentum % is not ranked
in the Medical Devices & Instruments industry.
Industry Median: -17.465
vs SRGAQ: -99.68
Competitive Comparison of Surgalign Holdings's 12-1 Month Momentum %
For the Medical Devices subindustry, Surgalign Holdings'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.
Surgalign Holdings's 12-1 Month Momentum % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Surgalign Holdings's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Surgalign Holdings'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.
Surgalign Holdings 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Surgalign Holdings's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Surgalign Holdings (Surgalign Holdings) Business Description
Surgalign Holdings Inc is a global medical technology company advancing the science of spine care, focused on delivering innovative solutions that drive superior clinical and economic outcomes. The company continues to invest in clinically validated innovation to deliver the Best surgical outcomes and improve patient's lives. It markets products throughout the United States and in more than 50 countries worldwide through an expanding network of top independent distributors. The U.S. market accounts for the vast majority of revenue. It has commercial and design centers in San Diego, California, and Wurmlingen, Germany.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SRGAQ has been successfully added to your