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Ashtead Technology Holdings (LSE:AT.) 6-1 Month Momentum % : 59.34% (As of May. 15, 2024)


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What is Ashtead Technology Holdings 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 (2024-05-15), Ashtead Technology Holdings's 6-1 Month Momentum % is 59.34%.

The industry rank for Ashtead Technology Holdings's 6-1 Month Momentum % or its related term are showing as below:

LSE:AT.'s 6-1 Month Momentum % is ranked better than
94.35% of 1098 companies
in the Oil & Gas industry
Industry Median: 4.815 vs LSE:AT.: 59.34

Competitive Comparison of Ashtead Technology Holdings's 6-1 Month Momentum %

For the Oil & Gas Equipment & Services subindustry, Ashtead Technology Holdings'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.


Ashtead Technology Holdings's 6-1 Month Momentum % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ashtead Technology Holdings's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Ashtead Technology Holdings's 6-1 Month Momentum % falls into.



Ashtead Technology Holdings  (LSE:AT.) 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.


Ashtead Technology Holdings  (LSE:AT.) 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.


Ashtead Technology Holdings 6-1 Month Momentum % Related Terms

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Ashtead Technology Holdings (LSE:AT.) Business Description

Traded in Other Exchanges
Address
Ashtead House, Discovery Drive, Westhill, Aberdeenshire, GBR, AB32 6FG
Ashtead Technology Holdings PLC is a subsea equipment rental and solutions organization supporting the installation, inspection, maintenance, repair, and decommissioning of infrastructure across the offshore energy industry. Its service offering is applicable across the lifecycle of offshore wind farms and offshore oil and gas infrastructure. The company operates in the following four geographic regions, which have been determined as the Group's reportable segments. The operations of each geographic region are similar: Europe; the Americas; Asia-Pacific and the Middle East.

Ashtead Technology Holdings (LSE:AT.) Headlines

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