Schlumberger (BUE:SLB) 6-1 Month Momentum % : -12.17% (As of Dec. 12, 2024)

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What is Schlumberger 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 (2024-12-12), Schlumberger's 6-1 Month Momentum % is -12.17%.

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

BUE:SLB's 6-1 Month Momentum % is ranked better than
56.17% of 1045 companies
in the Oil & Gas industry
Industry Median: -5.85 vs BUE:SLB: -12.17

Competitive Comparison of Schlumberger's 6-1 Month Momentum %

For the Oil & Gas Equipment & Services subindustry, Schlumberger'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.

Schlumberger's 6-1 Month Momentum % Distribution in the Oil & Gas Industry

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

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

Schlumberger (BUE:SLB) 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.

Schlumberger (BUE:SLB) 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.

Schlumberger 6-1 Month Momentum % Related Terms

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Schlumberger Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

SLB:USA SLBN:Mexico 0SCL:UK SCL:Germany SCL:Germany SCL:Germany SLBG34:Brazil

Address

5599 San Felipe, 17th Floor, Houston, TX, USA, 77056

Website

https://www.slb.com

SLB is the world's premier oilfield-services company as measured by market share. While the industry is mostly fragmented, SLB holds the first or second competitive position in many of the differentiated oligopolies it operates in. Also known as Schlumberger, the company was founded in 1926 by two brothers bearing the same last name. Today it's most known as a global industry leader in innovation, while it focuses its strategy on its three growth engines: its core, digital, and new energy businesses. Over three fourths of its revenue base is tied to international markets, while the company boasts well over $1 billion in digital-related revenue.