NUVSF (NuVista Energy) 6-1 Month Momentum % : -9.82% (As of Dec. 15, 2024)

View and export this data going back to 2003. Start your Free Trial

What is NuVista Energy 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), NuVista Energy's 6-1 Month Momentum % is -9.82%.

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

NUVSF's 6-1 Month Momentum % is ranked worse than
53.38% of 1049 companies
in the Oil & Gas industry
Industry Median: -4.78 vs NUVSF: -9.82

Competitive Comparison of NuVista Energy's 6-1 Month Momentum %

For the Oil & Gas E&P subindustry, NuVista Energy'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.

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

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

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

NuVista Energy (OTCPK:NUVSF) 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.

NuVista Energy (OTCPK:NUVSF) 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.

NuVista Energy 6-1 Month Momentum % Related Terms

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

NuVista Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NuVista Energy Ltd (OTCPK:NUVSF) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

NVG:Germany NVA:Canada

Address

525 - 8th Avenue South West, Suite 2500, Calgary, AB, CAN, T2P 1G1

Website

https://nvaenergy.com

NuVista Energy Ltd engages in the exploration, delineation, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin. Products sold include natural gas, condensate & oil, butane, propane, and ethane, with condensate composing nearly half of all sales. Condensate finds use in the heavy oil business when applied to heavy oil bitumen. It creates the viscosity needed for pipeline transportation. The Wapiti Montney area delivers the portion of hydrocarbon production for NuVista. To improve service assets and production in this area, the firm operates compressor and dehydration stations.