6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-23), CVR Energy's 6-1 Month Momentum % is 12.72%.
The industry rank for CVR Energy's 6-1 Month Momentum % or its related term are showing as below:
CVI's 6-1 Month Momentum % is ranked better than 71.01% of 1090
companies
in the Oil & Gas industry
Industry Median: -1.675
vs CVI: 12.72
Competitive Comparison
For the Oil & Gas Refining & Marketing subindustry, CVR Energy'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.
CVR Energy 6-1 Month Momentum % Distribution
For the Oil & Gas industry and Energy sector, CVR Energy's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where CVR Energy's 6-1 Month Momentum % falls into.
CVR Energy (NYSE:CVI) 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.
CVR Energy (NYSE:CVI) 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.
CVR Energy 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of CVR Energy's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
CVR Energy Inc is a holding company that engages in petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP and CVR Partners, LP. CVR Refining LP includes several complex full coking crude oil refineries, along with a crude oil gathering system, pipelines and storage tanks, and marketing and supply. The company's refineries can process blends of a variety of crude oil ranging from heavy sour to light sweet crude oil. Crude oil for CVR's refineries is supplied through its wholly-owned gathering system and pipeline. From its refineries, CVR supplies product through tanker trucks directly to customers located in close geographic proximity and customers at throughput terminals. The company's customers include retailers, railroads, and farm cooperatives.
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