What is Aerojet Rocketdyne Holdings 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 (2024-04-26), Aerojet Rocketdyne Holdings's 6-1 Month Momentum % is -1.29%.
The industry rank for Aerojet Rocketdyne Holdings's 6-1 Month Momentum % or its related term are showing as below:
AJRD's 6-1 Month Momentum % is not ranked
in the Aerospace & Defense industry.
Industry Median: 7.595
vs AJRD: -1.29
Competitive Comparison of Aerojet Rocketdyne Holdings's 6-1 Month Momentum %
For the Aerospace & Defense subindustry, Aerojet Rocketdyne Holdings'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.
Aerojet Rocketdyne Holdings's 6-1 Month Momentum % Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Aerojet Rocketdyne Holdings's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Aerojet Rocketdyne Holdings'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.
Aerojet Rocketdyne Holdings 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Aerojet Rocketdyne Holdings's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Aerojet Rocketdyne Holdings (Aerojet Rocketdyne Holdings) Business Description
Aerojet Rocketdyne Holdings Inc manufactures aerospace and defense products and systems. It produces driving and launch systems for defense and space applications, weapons, and weapons systems for tactical missions. The systems can provide directional control for rockets, satellites, missiles, and other technical products. It operates in two segments: aerospace and defense, and real estate. The company manufactures its aerospace and defense products for the U.S. government, the National Aeronautics and Space Administration, aerospace and defense prime contractors, and portions of the commercial sector. The real estate segment focuses on rezoning, entitlement, sale, and leasing of real estate assets. The company's excess real estate is primarily located in California.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
AJRD has been successfully added to your