Ecopetrol (BOG:ECOPETROL) 6-1 Month Momentum %

: -17.86% (As of Today)

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6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-23), Ecopetrol's 6-1 Month Momentum % is -17.86%.

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

BOG:ECOPETROL's 6-1 Month Momentum % is ranked worse than
76.7% of 1090 companies
in the Oil & Gas industry
Industry Median: -1.675 vs BOG:ECOPETROL: -17.86

Competitive Comparison

For the Oil & Gas Integrated subindustry, Ecopetrol'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.

Ecopetrol 6-1 Month Momentum % Distribution

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

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

Ecopetrol (BOG:ECOPETROL) 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.

Ecopetrol (BOG:ECOPETROL) 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.

Ecopetrol 6-1 Month Momentum % Related Terms

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Ecopetrol (BOG:ECOPETROL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ecopetrol SA (BOG:ECOPETROL) » Definitions » 6-1 Month Momentum %

Traded in Other Exchanges

EC:USA ECHA:Germany ECHA:Germany E1CO34:Brazil

Address

Carrera 13 No. 36 - 24, Main Building, Bogota, COL

Website

https://www.ecopetrol.com.co

Ecopetrol SA is a vertically integrated oil company with operations in Latin America and the United States Gulf Coast. Based out of Colombia, the company explores, develops, and conducts production activities in various countries. Ecopetrol works as the primary operator or partner in a joint venture, in a host of assets held onshore and offshore. Along with production, the company refines and markets crude oils and byproducts produced from its fields. Crude products are moved by Ecopetrol through a series of pipelines throughout Colombia, along with a network of third-party production centers and facilities.

Ecopetrol (BOG:ECOPETROL) Headlines

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