Orica (OCLDY) 6-1 Month Momentum % : -15.28% (As of Dec. 12, 2024)

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What is Orica 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), Orica's 6-1 Month Momentum % is -15.28%.

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

OCLDY's 6-1 Month Momentum % is ranked worse than
60.6% of 1571 companies
in the Chemicals industry
Industry Median: 3.23 vs OCLDY: -15.28

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

For the Specialty Chemicals subindustry, Orica'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.

Orica's 6-1 Month Momentum % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Orica's 6-1 Month Momentum % distribution charts can be found below:

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

Orica (OTCPK:OCLDY) 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.

Orica (OTCPK:OCLDY) 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.

Orica 6-1 Month Momentum % Related Terms

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Orica Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Orica Ltd (OTCPK:OCLDY) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

ICA:Germany ORI:Australia

Address

1 Nicholson Street, Level 3, East Melbourne, Melbourne, VIC, AUS, 3002

Website

https://www.orica.com

Orica is a leading global manufacturer and supplier of chemicals and explosives, primarily to the mining industry. It has operations in 50 countries across six continents. Mining services is the lone growth engine now that the chemicals business has been sold. Orica has an approximate 28% share of the global commercial explosives market. It provided resins, steel bolts, and other products for underground mining and tunneling though this business is now sold. It also supplies chemicals such as sodium cyanide to the mining industry.