Investors should also pay attention to NVDA's average 20-day trading volume. In comparison, the S&P 500 has only moved 9.1% and 23.3%, respectively. Over the past quarter, shares of Nvidia have risen 41.45%, and are up 98.18% in the last year. While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares are looking quite well from a longer time frame too, as the monthly price change of 22.08% compares favorably with the industry's 0.59% performance as well. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.įor NVDA, shares are up 15.18% over the past week while the Zacks Semiconductor - General industry is up 2.35% over the same time period.
Nvidia currently has a Zacks Rank of #2 (Buy). It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance.
We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.īelow, we take a look at Nvidia (NVDA), which currently has a Momentum Style Score of A. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. While many investors like to look for momentum in stocks, this can be very tough to define. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key once a stock establishes a course, it is more than likely to continue moving that way. Momentum investing revolves around the idea of following a stock's recent trend in either direction.
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