APA Group (ASX:APA) 6-1 Month Momentum %

: -0.48% (As of Today)

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

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-16), APA Group's 6-1 Month Momentum % is -0.48%.

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

ASX:APA's 6-1 Month Momentum % is ranked worse than
54.55% of 561 companies
in the Utilities - Regulated industry
Industry Median: 0.52 vs ASX:APA: -0.48

Competitive Comparison

For the Utilities - Regulated Gas subindustry, APA Group'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.

APA Group 6-1 Month Momentum % Distribution

For the Utilities - Regulated industry and Utilities sector, APA Group's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where APA Group's 6-1 Month Momentum % falls into.

APA Group (ASX:APA) 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.

APA Group (ASX:APA) 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.

APA Group 6-1 Month Momentum % Related Terms

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

APA Group (ASX:APA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » APA Group (ASX:APA) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

APAJF:USA PJZ:Germany

Address

580 George Street, Level 25, Sydney, NSW, AUS, 2000

Website

https://www.apa.com.au

APA Group is Australia's largest gas infrastructure company with an extensive portfolio of transmission pipelines, distribution networks, and storage facilities, and is increasingly investing in renewable energy generation, electricity transmission, and batteries. It is internally managed and has direct operational control over all assets. It owns minority stakes in a few smaller gas infrastructure companies and manages operations for most of these. The stapled securities comprise a unit in Australian Pipeline Trust and in APT Investment Trust.