6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-28), Newpark Resources's 6-1 Month Momentum % is 2.58%.
The industry rank for Newpark Resources's 6-1 Month Momentum % or its related term are showing as below:
NR's 6-1 Month Momentum % is ranked better than 53.59% of 1099
companies
in the Oil & Gas industry
Industry Median: 0.61
vs NR: 2.58
Competitive Comparison of Newpark Resources's 6-1 Month Momentum %
For the Oil & Gas Equipment & Services subindustry, Newpark Resources'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.
Newpark Resources's 6-1 Month Momentum % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Newpark Resources's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Newpark Resources'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.
Newpark Resources 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Newpark Resources's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Newpark Resources (Newpark Resources) Business Description
Newpark Resources Inc is a diversified supplier providing environmentally-sensitive products, as well as rentals and services to customers across multiple industries. The company has two operating segments: Industrial Solutions segment provides temporary worksite access solutions, including the rental of recyclable composite matting systems, along with related site construction and services to customers in various markets including power transmission, oil and natural gas exploration and production, pipeline, renewable energy, petrochemical, construction, and other industries and Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers for oil, natural gas, and geothermal projects.
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