GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Nippon Gas Co Ltd (OTCPK:NPNGY) » Definitions » 6-1 Month Momentum %

NPNGY (Nippon Gas Co) 6-1 Month Momentum % : 0.12% (As of Dec. 15, 2024)


View and export this data going back to 2020. Start your Free Trial

What is Nippon Gas Co 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 (2024-12-15), Nippon Gas Co's 6-1 Month Momentum % is 0.12%.

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

NPNGY's 6-1 Month Momentum % is ranked worse than
77.36% of 561 companies
in the Utilities - Regulated industry
Industry Median: 1.45 vs NPNGY: 0.12

Competitive Comparison of Nippon Gas Co's 6-1 Month Momentum %

For the Utilities - Regulated Gas subindustry, Nippon Gas Co'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.


Nippon Gas Co's 6-1 Month Momentum % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Nippon Gas Co's 6-1 Month Momentum % distribution charts can be found below:

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



Nippon Gas Co  (OTCPK:NPNGY) 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.


Nippon Gas Co  (OTCPK:NPNGY) 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.


Nippon Gas Co 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Nippon Gas Co's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Nippon Gas Co Business Description

Traded in Other Exchanges
Address
10, No. 7, No. 2-chome, Tokyo, JPN, 104-8540
Nippon Gas Co Ltd, or Nichigas, is a Japanese supplier of gas primarily in the Kanto region of Japan. The company segments its operations into LP Gas, City Gas, Electricity, and Life Products Businesses. LP Gas and City Gas are Nichigas' core segments, which engage in the distribution and sale of liquefied petroleum gas, or LPG, and city gas for consumer usage. The company's total revenue is split between sales of LPG and city gas, with LPG generating slightly more. Roughly half of Nichigas' customers are residential consumers in terms of sales volume, while the other half are commercial entities. With its subsidiaries, the company is also involved in the distribution and sale of liquefied natural gas, high-pressure gas, and gas appliances.

Nippon Gas Co Headlines

No Headlines