6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-06-02), Varex Imaging's 6-1 Month Momentum % is -13.79%.
The industry rank for Varex Imaging's 6-1 Month Momentum % or its related term are showing as below:
VREX's 6-1 Month Momentum % is ranked worse than 57.55% of 867
companies
in the Medical Devices & Instruments industry
Industry Median: -8.51
vs VREX: -13.79
Competitive Comparison of Varex Imaging's 6-1 Month Momentum %
For the Medical Devices subindustry, Varex Imaging'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.
Varex Imaging's 6-1 Month Momentum % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Varex Imaging's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Varex Imaging'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.
Varex Imaging 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Varex Imaging's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Varex Imaging (Varex Imaging) Business Description
Varex Imaging Corp designs and manufactures X-ray imaging components. It operates in two segments Medical and Industrial. The Medical segment, which is the key revenue driver, designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital flat panel image detectors, high voltage connectors, ionization chambers, and buckys among others. The Industrial segment designs, manufactures, sells, and services Linatron X-ray accelerators, X-ray tubes, digital flat panel detectors and high voltage connectors among others. It has manufacturing, research, and development operation in the United States, Europe, Philippines and China, and sales and service operations throughout the world.
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