6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-19), Cognizant Technology Solutions's 6-1 Month Momentum % is 13.72%.
The industry rank for Cognizant Technology Solutions's 6-1 Month Momentum % or its related term are showing as below:
CTSH's 6-1 Month Momentum % is ranked better than 63.97% of 2792
companies
in the Software industry
Industry Median: 2.87
vs CTSH: 13.72
Competitive Comparison
For the Information Technology Services subindustry, Cognizant Technology Solutions'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.
Cognizant Technology Solutions 6-1 Month Momentum % Distribution
For the Software industry and Technology sector, Cognizant Technology Solutions's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Cognizant Technology Solutions'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.
Cognizant Technology Solutions 6-1 Month Momentum % Related Terms
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Cognizant Technology Solutions (Cognizant Technology Solutions) Business Description
Cognizant is a global IT services provider, offering consulting and outsourcing services to some of the world's largest enterprises spanning the financial services, media and communications, healthcare, natural resources, and consumer products industries. Cognizant employs nearly 300,000 people globally, roughly 70% of whom are in India, although the company's headquarters are in Teaneck, New Jersey.
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