6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-05), Danimer Scientific's 6-1 Month Momentum % is -35.37%.
The industry rank for Danimer Scientific's 6-1 Month Momentum % or its related term are showing as below:
DNMR's 6-1 Month Momentum % is ranked worse than 96.21% of 1584
companies
in the Chemicals industry
Industry Median: -0.68
vs DNMR: -35.37
Competitive Comparison of Danimer Scientific's 6-1 Month Momentum %
For the Specialty Chemicals subindustry, Danimer Scientific'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.
Danimer Scientific's 6-1 Month Momentum % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Danimer Scientific's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Danimer Scientific'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.
Danimer Scientific 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Danimer Scientific's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Danimer Scientific (Danimer Scientific) Business Description
Danimer Scientific Inc creates more sustainable, more natural ways to make plastic products sold under the proprietary Nodax brand name. The company's renewable and sustainable biopolymers have helped create plastic products that are 100% biodegradable and compostable. Danimer Scientific's products return to nature instead of polluting lands and waters. Its technology can be found in a vast array of plastic end-use products that people use every day. Applications for its biopolymers include additives, aqueous coatings, fibers, filaments, films, and injection-molded articles, among others. The company holds more than 470 patents and pending patent applications in nearly 20 countries for a range of manufacturing processes and biopolymer formulations.
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