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Corcel (LSE:CRCL) 6-1 Month Momentum % : 5.56% (As of Dec. 14, 2024)


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What is Corcel 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 (2024-12-14), Corcel's 6-1 Month Momentum % is 5.56%.

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

LSE:CRCL's 6-1 Month Momentum % is ranked better than
66.63% of 1049 companies
in the Oil & Gas industry
Industry Median: -4.78 vs LSE:CRCL: 5.56

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

For the Oil & Gas E&P subindustry, Corcel'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.


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

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

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



Corcel  (LSE:CRCL) 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.


Corcel  (LSE:CRCL) 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.


Corcel 6-1 Month Momentum % Related Terms

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Corcel Business Description

Industry
Traded in Other Exchanges
Address
71-91 Aldwych House, London, GBR, WC2B 4HN
Corcel PLC manages a portfolio of oil and gas exploration and appraisal assets in onshore Angola. The Company retains interests in several legacy battery metals assets offering exposure to lithium and rare earth elements. It holds an interest in Apex oil & gas project, Mt. Weld Rare Earth Element project and others. The geographical segments of the company include Australia, United Kingdom, United States and other regions.

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