6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-18), Lumen Technologies's 6-1 Month Momentum % is 10.56%.
The industry rank for Lumen Technologies's 6-1 Month Momentum % or its related term are showing as below:
LUMN's 6-1 Month Momentum % is ranked better than 68.81% of 404
companies
in the Telecommunication Services industry
Industry Median: 1.73
vs LUMN: 10.56
Competitive Comparison
For the Telecom Services subindustry, Lumen Technologies'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.
Lumen Technologies 6-1 Month Momentum % Distribution
For the Telecommunication Services industry and Communication Services sector, Lumen Technologies's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Lumen Technologies'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.
Lumen Technologies 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Lumen Technologies's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Lumen Technologies (Lumen Technologies) Business Description
With 450,000 route miles of fiber, including over 35,000 route miles of subsea fiber connecting Europe, Asia, and Latin America, Lumen Technologies is one of the United States' largest telecommunications carriers serving global enterprises. Its merger with Level 3 in 2017 and divestiture of much of its incumbent local exchange carrier, or ILEC, business in 2022 has shifted the company's operations away from its legacy consumer business and toward enterprises (now nearly 80% of revenue). Lumen offers businesses a full menu of communications services, providing colocation and data center services, data transportation, and end-user phone and internet service. On the consumer side, Lumen provides broadband and phone service across 37 states, where it has 4.5 million broadband customers.
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