What is Allegro Microsystems 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 (2024-05-02), Allegro Microsystems's 6-1 Month Momentum % is 4.23%.
The industry rank for Allegro Microsystems's 6-1 Month Momentum % or its related term are showing as below:
ALGM's 6-1 Month Momentum % is ranked worse than 54.84% of 972
companies
in the Semiconductors industry
Industry Median: 7.645
vs ALGM: 4.23
Competitive Comparison of Allegro Microsystems's 6-1 Month Momentum %
For the Semiconductors subindustry, Allegro Microsystems'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.
Allegro Microsystems's 6-1 Month Momentum % Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Allegro Microsystems's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Allegro Microsystems'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.
Allegro Microsystems 6-1 Month Momentum % Related Terms
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Allegro Microsystems (Allegro Microsystems) Business Description
Allegro Microsystems Inc is a designer, developer, fabless manufacturer and marketer of sensor ICs and application-specific analog power ICs enabling the critical emerging technologies in the automotive and industrial markets. It is a supplier of power ICs. Its sensor IC allow customers to precisely measure motion, speed, position and current. At the same time, its power ICs include high-temperature and high-voltage capable motor driver, power management and LED driver ICs. Its products are divided into three categories such as SENSE which include Current Sensors, Switches and Latches, Linear and Angular Position, Magnetic Speed Sensors, and Photonics; REGULATE which include Regulators, ClearPower Modules, and LED Drivers; and DRIVE which includes BLDC Drivers, Brush DC and Stepper Driver.
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