Crown Energy AB (NGM:CRWN) 6-1 Month Momentum % : -18.26% (As of May. 23, 2024)

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What is Crown Energy AB 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), Crown Energy AB's 6-1 Month Momentum % is -18.26%.

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

NGM:CRWN's 6-1 Month Momentum % is ranked worse than
77.57% of 1899 companies
in the Real Estate industry
Industry Median: -0.76 vs NGM:CRWN: -18.26

Competitive Comparison of Crown Energy AB's 6-1 Month Momentum %

For the Real Estate Services subindustry, Crown Energy AB'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.

Crown Energy AB's 6-1 Month Momentum % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Crown Energy AB's 6-1 Month Momentum % distribution charts can be found below:

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

Crown Energy AB (NGM:CRWN) 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.

Crown Energy AB (NGM:CRWN) 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.

Crown Energy AB 6-1 Month Momentum % Related Terms

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Crown Energy AB (NGM:CRWN) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

CWE:Germany

Address

Skeppargatan 27, Stockholm, SWE, SE-114 52

Website

http://www.crownenergy.se

Crown Energy AB is a Sweden based oil and gas company. It is principally engaged in the business activity of exploration and production in underexplored areas, initially in Africa and the Middle East. The firm creates value by finding and developing assets in early stages and then introducing oil and gas industry participants to the projects for further development and production. The group has operations in Equatorial Guinea, South Africa, Madagascar, and Iraq.