SBM Offshore NV (SBM Offshore NV) 6-1 Month Momentum % : 8.34% (As of Apr. 29, 2024)

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What is SBM Offshore 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 (2024-04-29), SBM Offshore NV's 6-1 Month Momentum % is 8.34%.

The industry rank for SBM Offshore NV's 6-1 Month Momentum % or its related term are showing as below:

SBFFF's 6-1 Month Momentum % is ranked better than
84.31% of 1096 companies
in the Oil & Gas industry
Industry Median: 0.57 vs SBFFF: 8.34

Competitive Comparison of SBM Offshore NV's 6-1 Month Momentum %

For the Oil & Gas Equipment & Services subindustry, SBM Offshore 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.

SBM Offshore NV's 6-1 Month Momentum % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where SBM Offshore NV's 6-1 Month Momentum % falls into.

SBM Offshore NV (OTCPK:SBFFF) 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.

SBM Offshore NV (OTCPK:SBFFF) 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.

SBM Offshore NV 6-1 Month Momentum % Related Terms

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SBM Offshore NV (SBM Offshore NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SBM Offshore NV (OTCPK:SBFFF) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

SBFFY:USA SBMO:Netherlands SBMOa:UK 0NIS:UK IHCB:Germany IHCB:Germany

Address

Evert van de Beekstraat 1-77, Schiphol, Amsterdam, NH, NLD, 1118 CL

Website

https://www.sbmoffshore.com

SBM Offshore NV provides floating production solutions to the offshore energy industry both in hydrocarbon and renewable markets. Its main activities are the design, supply, installation, operation, and life extension of Floating Production Storage and Offloading (FPSO) vessels. The company is also working on floating offshore wind, wave energy and research and development of products for future energy markets. It has dedicated product lines to provide specific floating equipment and products such as Turret Mooring Systems (TMS) and offshore (off)loading Terminals. The Company has two segments: Lease and Operate segment includes all earned day rates on operating lease and operate contracts, and The turnkey segment includes revenues from Turnkey supply contracts and after-sales services.