6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-19), Calumet Specialty Products Partners LP's 6-1 Month Momentum % is -18.39%.
The industry rank for Calumet Specialty Products Partners LP's 6-1 Month Momentum % or its related term are showing as below:
CLMT's 6-1 Month Momentum % is ranked worse than 74.54% of 1092
companies
in the Oil & Gas industry
Industry Median: -3.7
vs CLMT: -18.39
Competitive Comparison
For the Oil & Gas E&P subindustry, Calumet Specialty Products Partners LP'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.
Calumet Specialty Products Partners LP 6-1 Month Momentum % Distribution
For the Oil & Gas industry and Energy sector, Calumet Specialty Products Partners LP's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Calumet Specialty Products Partners LP'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.
Thank you for viewing the detailed overview of Calumet Specialty Products Partners LP's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Calumet Specialty Products Partners LP is an independent producer of specialty hydrocarbon products in North America. The company operates through three segments namely Specialty Products and Solutions segment manufacture and market solvents, waxes, customized lubricating oils, white oils, petrolatum's, gels, esters, and other products. In Performance Brands segment, the company blend, package and market high performance products through its Royal Purple, Bel-Ray, and TruFuel brands. The Montana/Renewables segment is comprised of two businesses - renewable diesel and specialty asphalt. The Corporate segment primarily consists of general and administrative expenses not allocated to the Specialty Products and Solutions, Performance Brands or Montana/Renewables segments.
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