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Straits Energy Resources Bhd (XKLS:0080) 6-1 Month Momentum % : -22.22% (As of Dec. 13, 2024)


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What is Straits Energy Resources Bhd 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 (2024-12-13), Straits Energy Resources Bhd's 6-1 Month Momentum % is -22.22%.

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

XKLS:0080's 6-1 Month Momentum % is ranked worse than
89.87% of 1046 companies
in the Transportation industry
Industry Median: 0.485 vs XKLS:0080: -22.22

Competitive Comparison of Straits Energy Resources Bhd's 6-1 Month Momentum %

For the Integrated Freight & Logistics subindustry, Straits Energy Resources Bhd'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.


Straits Energy Resources Bhd's 6-1 Month Momentum % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Straits Energy Resources Bhd's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Straits Energy Resources Bhd's 6-1 Month Momentum % falls into.



Straits Energy Resources Bhd  (XKLS:0080) 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.


Straits Energy Resources Bhd  (XKLS:0080) 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.


Straits Energy Resources Bhd 6-1 Month Momentum % Related Terms

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Straits Energy Resources Bhd Business Description

Traded in Other Exchanges
N/A
Address
2, Jalan Kiara, Mont Kiara, B-07-06, Plaza Mont Kiara, Kuala Lumpur, SGR, MYS, 50480
Straits Energy Resources Bhd is a Malaysia-based investment holding company engaged in oil trading and bunkering. Along with its subsidiaries, the entity is involved in the segments of Investment holding; Oil trading and bunkering services; STS operations; Telecommunication and networking; Inland transportation services; Port operation and facility management services; and Others. It derives prime revenue from the Oil trading, bunkering services, and freshwater service segment which involves the international supply of petroleum products and the provision of marine bunkering and related services to vessels. Its geographic operations are located in Malaysia and Singapore.

Straits Energy Resources Bhd Headlines

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