Afentra (LSE:AET) 6-1 Month Momentum % : 45.39% (As of May. 23, 2024)

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What is Afentra 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 (2024-05-23), Afentra's 6-1 Month Momentum % is 45.39%.

The industry rank for Afentra's 6-1 Month Momentum % or its related term are showing as below:

LSE:AET's 6-1 Month Momentum % is ranked better than
89.33% of 1087 companies
in the Oil & Gas industry
Industry Median: 3.34 vs LSE:AET: 45.39

Competitive Comparison of Afentra's 6-1 Month Momentum %

For the Oil & Gas E&P subindustry, Afentra'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.

Afentra's 6-1 Month Momentum % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Afentra's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Afentra's 6-1 Month Momentum % falls into.

Afentra (LSE:AET) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-month ago

- 1 )

100 %

* 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.

Afentra (LSE:AET) 6-1 Month Momentum % Explanation

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.

Afentra 6-1 Month Momentum % Related Terms

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Afentra (LSE:AET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Afentra PLC (LSE:AET) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

STGAF:USA SEY.GB:UK TB8A:Germany

Address

High Holborn House, 52-54 High Holborn, London, GBR, WC1V 6RL

Website

https://www.afentraplc.com

Afentra PLC is an upstream oil and gas company operating in the United Kingdom. The company is engaged in the exploration and production of oil and gas with a primary focus on emerging markets including, Africa and the Middle East, and has a high-potential exploration asset the Odewayne Block covers a very large area onshore southwestern Somaliland, located adjacent to the border with Ethiopia.