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), Forum Energy Technologies's 6-1 Month Momentum % is -17.81%.
The industry rank for Forum Energy Technologies's 6-1 Month Momentum % or its related term are showing as below:
FET's 6-1 Month Momentum % is ranked worse than 75.32% of 1090
companies
in the Oil & Gas industry
Industry Median: -1.675
vs FET: -17.81
Competitive Comparison
For the Oil & Gas Equipment & Services subindustry, Forum Energy Technologies'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.
Forum Energy Technologies 6-1 Month Momentum % Distribution
For the Oil & Gas industry and Energy sector, Forum Energy Technologies's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Forum Energy Technologies's 6-1 Month Momentum % falls into.
Forum Energy Technologies (NYSE:FET) 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.
Forum Energy Technologies (NYSE:FET) 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.
Forum Energy Technologies 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Forum Energy Technologies's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Forum Energy Technologies (Forum Energy Technologies) Business Description
Forum Energy Technologies Inc is a global products company, serving the oil, natural gas, industrial and renewable energy industries. The company designs, manufactures, and distributes products and engages in aftermarket parts supply and services that complement its product offering. Its products include highly engineered capital equipment, as well as products that are consumed in the drilling, well construction, production, and transportation of oil and natural gas. It operates in three reporting segments, namely drilling and downhole, completions, and production. Revenue largely comes from consumable products and activity-based equipment. Consumable products include valves, centrifugal pumps, mud pump fluid end components, rig sensors, inserts, and dies.
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