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TortoiseEcofin Acquisition III (TortoiseEcofin Acquisition III) 6-1 Month Momentum % : 2.17% (As of Jun. 09, 2024)


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What is TortoiseEcofin Acquisition III 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 (2024-06-09), TortoiseEcofin Acquisition III's 6-1 Month Momentum % is 2.17%.

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

TRTL's 6-1 Month Momentum % is ranked worse than
54.84% of 609 companies
in the Diversified Financial Services industry
Industry Median: 2.5 vs TRTL: 2.17

Competitive Comparison of TortoiseEcofin Acquisition III's 6-1 Month Momentum %

For the Shell Companies subindustry, TortoiseEcofin Acquisition III'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.

TortoiseEcofin Acquisition III's 6-1 Month Momentum % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, TortoiseEcofin Acquisition III's 6-1 Month Momentum % distribution charts can be found below:

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


TortoiseEcofin Acquisition III  (NYSE:TRTL) 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.

TortoiseEcofin Acquisition III  (NYSE:TRTL) 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.

TortoiseEcofin Acquisition III 6-1 Month Momentum % Related Terms

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TortoiseEcofin Acquisition III (TortoiseEcofin Acquisition III) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » TortoiseEcofin Acquisition Corp III (NYSE:TRTL) » Definitions » 6-1 Month Momentum %
Comparable Companies
HCVI CCVI SLAM NETD CXAC NFNT APGB KCGI SAGA DWAC PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT LSE:ADMR CNDA
Traded in Other Exchanges
N/A
Address
6363 College Boulevard, Overland Park, KS, USA, 66211
Website
https://www.tortoisespac.com
TortoiseEcofin Acquisition Corp III is a blank check company.
Executives
Andrew B Lipsher director C/O VOLTA INDUSTRIES, INC., 155 DE HARO STREET, SAN FRANCISCO CA 94103
Hennessy Capital Growth Partners Fund I Spv V, Llc 10 percent owner 195 US HWY 50, SUITE 208, ZEPHYR COVE NV 89448
Hennessy Capital Growth Partners Fund I, Lp 10 percent owner 3415 N. PINES WAY, SUITE 204, WILSON WY 83014
Matthew Schindel director 195 US HWY 50, SUITE 208, ZEPHYR COVE NV 89448
Tortoiseecofin Sponsor Iii Llc 10 percent owner 5100 W. 115TH PLACE, LEAWOOD KS 66211
Thomas D Hennessy director, 10 percent owner 3485 N. PINES WAY SUITE 110, WILSON WY 83014
Jack Leeney director 3485 N. PINES WAY SUITE 110, WILSON WY 83014
Greg A Walker director 999 CORPORATE BOULEVARD, SUITE 300, LINTHICUM HEIGHTS MD 21090
Darrell Jr. Brock officer: Vice President 725 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10022
Juan J. Daboub director 5100 W. 115TH PLACE, LEAWOOD KS 66211
Stephen S. Pang director, officer: President and CFO 5100 W. 115TH PLACE, LEAWOOD KS 66211
Evan J. Zimmer officer: Vice President 5100 W. 115TH PLACE, LEAWOOD KS 66211
Mary Beth Mandanas director 5100 W. 115TH PLACE, LEAWOOD KS 66211
Steven C. Schnitzer officer: VP, Gen. Counsel and Secretary 725 FIFTH AVE., 19TH FLOOR, NEW YORK NY 10022
William J. Clinton director 5100 W. 115TH PLACE, LEAWOOD KS 66211