What is LyondellBasell Industries NV 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 (2024-04-25), LyondellBasell Industries NV's 6-1 Month Momentum % is 10.05%.
The industry rank for LyondellBasell Industries NV's 6-1 Month Momentum % or its related term are showing as below:
LYB's 6-1 Month Momentum % is ranked better than 67.28% of 1580
companies
in the Chemicals industry
Industry Median: 1.135
vs LYB: 10.05
Competitive Comparison of LyondellBasell Industries NV's 6-1 Month Momentum %
For the Specialty Chemicals subindustry, LyondellBasell Industries NV'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.
LyondellBasell Industries NV's 6-1 Month Momentum % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, LyondellBasell Industries NV's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where LyondellBasell Industries NV'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.
LyondellBasell Industries NV 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of LyondellBasell Industries NV's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
LyondellBasell Industries NV (LyondellBasell Industries NV) Business Description
LyondellBasell is a petrochemical producer with operations in the United States, Europe, and Asia. The company is the world's largest producer of polypropylene and is also a major producer of polyethylene and propylene oxide. Its chemicals are used in various consumer and industrial end products. Well over half of LyondellBasell's production come from its North American operations.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
LYB has been successfully added to your