6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-24), JetBlue Airways's 6-1 Month Momentum % is 58.74%.
The industry rank for JetBlue Airways's 6-1 Month Momentum % or its related term are showing as below:
JBLU's 6-1 Month Momentum % is ranked better than 94.15% of 1042
companies
in the Transportation industry
Industry Median: 5.78
vs JBLU: 58.74
Competitive Comparison
For the Airlines subindustry, JetBlue Airways'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.
JetBlue Airways 6-1 Month Momentum % Distribution
For the Transportation industry and Industrials sector, JetBlue Airways's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where JetBlue Airways'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.
JetBlue Airways 6-1 Month Momentum % Related Terms
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JetBlue Airways (JetBlue Airways) Business Description
JetBlue Airways Corp is a low-cost airline that offers high-quality service, including assigned seating and in-flight entertainment. It served approximately 100 destinations in the United States, the Caribbean and Latin America, Canada, and England. The company currently operates Airbus A321, Airbus A320, Airbus A321neo, and Embraer E190 aircraft types. The operating segments of company are Domestic & Canada, Caribbean & Latin America and Atlantic. Majority of revenue is generated from Domestic & Canada segment.
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