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SMAYF (SIMEC Atlantis Energy) 6-1 Month Momentum % : 279.57% (As of Dec. 12, 2024)


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What is SIMEC Atlantis 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 (2024-12-12), SIMEC Atlantis Energy's 6-1 Month Momentum % is 279.57%.

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

SMAYF's 6-1 Month Momentum % is ranked better than
90.61% of 543 companies
in the Utilities - Independent Power Producers industry
Industry Median: -2.08 vs SMAYF: 279.57

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

For the Utilities - Renewable subindustry, SIMEC Atlantis 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.


SIMEC Atlantis Energy's 6-1 Month Momentum % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, SIMEC Atlantis Energy's 6-1 Month Momentum % distribution charts can be found below:

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



SIMEC Atlantis Energy  (OTCPK:SMAYF) 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.


SIMEC Atlantis Energy  (OTCPK:SMAYF) 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.


SIMEC Atlantis Energy 6-1 Month Momentum % Related Terms

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SIMEC Atlantis Energy Business Description

Traded in Other Exchanges
Address
26 Dublin Street, Edinburgh, London, GBR, EH3 6NN
SIMEC Atlantis Energy Ltd operates in the sustainable energy sector. It is engaged in the design, development, construction, conversion, installation, completion, testing, commissioning, operation, and maintenance of sustainable energy projects. The company's operating segment includes Power generation, Battery storage, and Project development. Maximum revenue is generated from its Battery storage segment which includes income from the firm's battery storage project portfolio. Its power generation and project development operations are entirely based in the United Kingdom.

SIMEC Atlantis Energy Headlines

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