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ECAOF (Eco (Atlantic) Oil & Gas) 6-1 Month Momentum % : -18.45% (As of Dec. 13, 2024)


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What is Eco (Atlantic) Oil & Gas 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 (2024-12-13), Eco (Atlantic) Oil & Gas's 6-1 Month Momentum % is -18.45%.

The industry rank for Eco (Atlantic) Oil & Gas's 6-1 Month Momentum % or its related term are showing as below:

ECAOF's 6-1 Month Momentum % is ranked worse than
74.19% of 1050 companies
in the Oil & Gas industry
Industry Median: -5.725 vs ECAOF: -18.45

Competitive Comparison of Eco (Atlantic) Oil & Gas's 6-1 Month Momentum %

For the Oil & Gas E&P subindustry, Eco (Atlantic) Oil & Gas'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.


Eco (Atlantic) Oil & Gas's 6-1 Month Momentum % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Eco (Atlantic) Oil & Gas's 6-1 Month Momentum % falls into.



Eco (Atlantic) Oil & Gas  (OTCPK:ECAOF) 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.


Eco (Atlantic) Oil & Gas  (OTCPK:ECAOF) 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.


Eco (Atlantic) Oil & Gas 6-1 Month Momentum % Related Terms

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Eco (Atlantic) Oil & Gas Business Description

Traded in Other Exchanges
Address
7 Coulson Avenue, Toronto, ON, CAN, M4V 143
Eco (Atlantic) Oil & Gas Ltd is an oil and gas exploration and development company. The company focused on the identification, acquisition, and development of petroleum opportunities around the world. Its project includes Orinduik Block; Cooper Block (PEL 030); Sharon Block (PEL 033); Guy Block (PEL 034) and Tamar Block (PEL 050) in Guyana and Namibia.