What is Genco Shipping & Trading 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 (2024-04-26), Genco Shipping & Trading's 6-1 Month Momentum % is 47.25%.
The industry rank for Genco Shipping & Trading's 6-1 Month Momentum % or its related term are showing as below:
GNK's 6-1 Month Momentum % is ranked better than 91.71% of 1049
companies
in the Transportation industry
Industry Median: 4.42
vs GNK: 47.25
For the Marine Shipping subindustry, Genco Shipping & Trading'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.
Genco Shipping & Trading's 6-1 Month Momentum % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Genco Shipping & Trading's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Genco Shipping & Trading'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.
Genco Shipping & Trading 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Genco Shipping & Trading's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Genco Shipping & Trading (Genco Shipping & Trading) Business Description
Genco Shipping & Trading Ltd is an international shipping company specializing in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes. It is involved in the ocean transportation of drybulk cargoes. The company operates in one segment, the ocean transportation of drybulk cargoes through the ownership and operation of drybulk carrier vessels. It generates revenue through time charter agreements, spot market voyage charters, pool agreements and spot market-related time charters.
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