GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Petroleum Engineering Co Ltd (SHSE:600339) » Definitions » 6-1 Month Momentum %

China Petroleum Engineering Co (SHSE:600339) 6-1 Month Momentum % : 19.03% (As of Dec. 14, 2024)


View and export this data going back to 2000. Start your Free Trial

What is China Petroleum Engineering 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 (2024-12-14), China Petroleum Engineering Co's 6-1 Month Momentum % is 19.03%.

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

SHSE:600339's 6-1 Month Momentum % is ranked better than
80.46% of 1049 companies
in the Oil & Gas industry
Industry Median: -4.78 vs SHSE:600339: 19.03

Competitive Comparison of China Petroleum Engineering Co's 6-1 Month Momentum %

For the Oil & Gas Equipment & Services subindustry, China Petroleum Engineering 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.


China Petroleum Engineering Co's 6-1 Month Momentum % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where China Petroleum Engineering Co's 6-1 Month Momentum % falls into.



China Petroleum Engineering Co  (SHSE:600339) 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.


China Petroleum Engineering Co  (SHSE:600339) 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.


China Petroleum Engineering Co 6-1 Month Momentum % Related Terms

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


China Petroleum Engineering Co Business Description

Traded in Other Exchanges
N/A
Address
Courtyard 5, Anding Road, Hengyi Building, Building 2, Chaoyang District, Beijing, CHN, 100029
China Petroleum Engineering Co Ltd provides surface facilities to petroleum upstream industry. The company's services include planning through front end engineering design to engineering, procurement, construction and project management consultancy for surface facilities, pipelines, buildings, water treatment facilities, highways, and infrastructure. The firm operates projects in China as well as in the overseas markets such as the Middle East, Central Asia, North Africa, America, Australia, and Europe.
Executives
Li Qin Director

China Petroleum Engineering Co Headlines

No Headlines