Savanna Energy Services (TSX:SVY) 6-1 Month Momentum % : 1.02% (As of May. 24, 2024)

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What is Savanna Energy Services 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 (2024-05-24), Savanna Energy Services's 6-1 Month Momentum % is 1.02%.

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

TSX:SVY's 6-1 Month Momentum % is not ranked
in the Oil & Gas industry.
Industry Median: 3.38 vs TSX:SVY: 1.02

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

For the Oil & Gas Drilling subindustry, Savanna Energy Services'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.

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

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

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

Savanna Energy Services (TSX:SVY) 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.

Savanna Energy Services (TSX:SVY) 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.

Savanna Energy Services 6-1 Month Momentum % Related Terms

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Savanna Energy Services (TSX:SVY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Savanna Energy Services Corp (TSX:SVY) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.savannaenergy.com

Savanna Energy Services Corp was incorporated under the Alberta Business Corporations Act on March 22, 2001. It is a drilling, well servicing and oilfield rentals company with operations in Canada, the United States and Australia. It provides a variety of services in the oil and natural gas industry. The corporate segment provides management and administrative services to all of the Company's subsidiaries and their respective operations. The services segment provides well servicing services and rental equipment to the oil and gas industry. The drilling segment provides contract drilling services to the oil and gas industry. The Company's overall business is conducted through two divisions: contract drilling and oilfield services. The Company's equipment fleet is among the newest and technically in the industry and its commitment to talent and technology has enabled the Company to build a presence within the oilfield services sector. It has also expanded its customer base to international markets, diversifying geographically into growing and emerging markets. The Company operates through a number of wholly-owned subsidiaries and several partnerships with Aboriginal communities that are partially owned by the Company.

Savanna Energy Services (TSX:SVY) Headlines

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