Rosneft Oil Co (MIC:ROSN) 6-1 Month Momentum % : -5.46% (As of Apr. 26, 2024)

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What is Rosneft Oil Co 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), Rosneft Oil Co's 6-1 Month Momentum % is -5.46%.

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

MIC:ROSN's 6-1 Month Momentum % is not ranked
in the Oil & Gas industry.
Industry Median: 0.31 vs MIC:ROSN: -5.46

Competitive Comparison of Rosneft Oil Co's 6-1 Month Momentum %

For the Oil & Gas Integrated subindustry, Rosneft Oil Co'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.

Rosneft Oil Co's 6-1 Month Momentum % Distribution in the Oil & Gas Industry

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

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

Rosneft Oil Co (MIC:ROSN) 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.

Rosneft Oil Co (MIC:ROSN) 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.

Rosneft Oil Co 6-1 Month Momentum % Related Terms

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Rosneft Oil Co (MIC:ROSN) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

26/1 Sofiyskaya Embankment, Moscow, RUS, 117997

Website

https://www.rosneft.com

Rosneft Oil Co is an integrated oil and gas company in which the Russian government is a majority shareholder. The company explores, produces, refines, transports, and sells oil and gas. The majority of revenue is generated from its oil segment, where crude and refined products are sold to international and domestic markets. Upstream, Rosneft's exploration and production is concentrated in Central Russia, with other fields throughout the country. The majority of its crude oil is exported to Europe and Asia. Downstream, the company has several refineries across Russia, which sell refined products to European and Russian markets. This includes many of Rosneft's filling stations, where the company captures additional revenue from gasoline and diesel fuel sales.