WesternZagros Resources (FRA:44W) 6-1 Month Momentum % : 112.50% (As of Apr. 26, 2024)

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What is WesternZagros Resources 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 (2024-04-26), WesternZagros Resources's 6-1 Month Momentum % is 112.50%.

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

FRA:44W's 6-1 Month Momentum % is not ranked
in the Oil & Gas industry.
Industry Median: 0.31 vs FRA:44W: 112.50

Competitive Comparison of WesternZagros Resources's 6-1 Month Momentum %

For the Oil & Gas E&P subindustry, WesternZagros Resources'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.

WesternZagros Resources's 6-1 Month Momentum % Distribution in the Oil & Gas Industry

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

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

WesternZagros Resources (FRA:44W) 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.

WesternZagros Resources (FRA:44W) 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.

WesternZagros Resources 6-1 Month Momentum % Related Terms

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WesternZagros Resources (FRA:44W) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.westernzagros.com

WesternZagros Resources, Ltd. was incorporated under the ABCA on August 22, 2007. It is a publicly traded, Calgary-based, international oil and gas company focused on acquiring properties and exploring for developing and producing crude oil and natural gas in the Kurdistan Region of Iraq. It holds two Production Sharing Contracts with the Kurdistan Regional Government in the Kurdistan Region of Iraq that are both on trend with, and adjacent to, a number of prolific oil and gas discoveries. The Company through its wholly-owned subsidiaries holds a 40 percent working interest in each of the Garmian Production Sharing Contracts and the Kurdamir Production Sharing Contracts. It competes with numerous other organizations in the search for, and the acquisition of, oil and natural gas properties and in the marketing of oil and natural gas. The Company's operations are subject to general and specific regulations and restrictions governing drilling, production and processing, land tenure and use, environmental requirements, including site-specific environmental licences, permits and remediation requirements, workplace health and safety requirements, social impacts and other laws and regulations.

WesternZagros Resources (FRA:44W) Headlines

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