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), Clean Energy Fuels's 6-1 Month Momentum % is -31.25%.
The industry rank for Clean Energy Fuels's 6-1 Month Momentum % or its related term are showing as below:
CLNE's 6-1 Month Momentum % is ranked worse than 88.1% of 1101
companies
in the Oil & Gas industry
Industry Median: 0.31
vs CLNE: -31.25
Competitive Comparison of Clean Energy Fuels's 6-1 Month Momentum %
For the Oil & Gas Refining & Marketing subindustry, Clean Energy Fuels'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.
Clean Energy Fuels's 6-1 Month Momentum % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Clean Energy Fuels's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Clean Energy Fuels's 6-1 Month Momentum % falls into.
Clean Energy Fuels (NAS:CLNE) 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.
Clean Energy Fuels (NAS:CLNE) 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.
Clean Energy Fuels 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Clean Energy Fuels's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Clean Energy Fuels (Clean Energy Fuels) Business Description
Clean Energy Fuels Corp is a natural gas marketer and retailer operating in the United States and Canada. The company supplies compressed natural gas, liquefied natural gas, and renewable natural gas as an alternative fuel for vehicles. The majority of revenue is generated within the U.S. and mostly consists of compressed natural gas. The company operates by purchasing natural gas from local utilities; compressing, cooling, or liquefying it at company-owned plants; and selling natural gas products through company-owned or customer-owned fueling stations. The company also builds, operates, and maintains natural gas fueling stations for customers. The company's target markets include heavy-duty trucking, airports, public transit, institutional energy users, and government fleets.
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