6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2022-08-12), Magellan Midstream Partners LP's 6-1 Month Momentum % is -0.69%.
The industry rank for Magellan Midstream Partners LP's 6-1 Month Momentum % or its related term are showing as below:
MMP's 6-1 Month Momentum % is ranked better than 60.24% of 1104
companies
in the Oil & Gas industry
Industry Median: -5.82
vs MMP: -0.69
Competitive Comparison
For the Oil & Gas Midstream subindustry, Magellan Midstream Partners LP'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.
Magellan Midstream Partners LP 6-1 Month Momentum % Distribution
For the Oil & Gas industry and Energy sector, Magellan Midstream Partners LP's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Magellan Midstream Partners LP's 6-1 Month Momentum % falls into.
* 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.
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.
Magellan Midstream Partners LP 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Magellan Midstream Partners LP's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Magellan Midstream Partners LP Business Description
Magellan Midstream Partners is a master limited partnership that operates pipelines and storage terminals in the Central and Eastern United States. Its assets transport, store, and distribute refined petroleum products and crude and earn a fee-based stream of cash flows. Assets include the country's longest petroleum pipeline network and several crude oil pipelines. Refined products make about 70% of operating margin, with the remainder mainly crude-oil pipelines.
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