6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-24), Eagle Bulk Shipping's 6-1 Month Momentum % is 49.77%.
The industry rank for Eagle Bulk Shipping's 6-1 Month Momentum % or its related term are showing as below:
EGLE's 6-1 Month Momentum % is ranked better than 92.71% of 1042
companies
in the Transportation industry
Industry Median: 5.78
vs EGLE: 49.77
Competitive Comparison of Eagle Bulk Shipping's 6-1 Month Momentum %
For the Marine Shipping subindustry, Eagle Bulk Shipping'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.
Eagle Bulk Shipping's 6-1 Month Momentum % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Eagle Bulk Shipping's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Eagle Bulk Shipping'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.
Eagle Bulk Shipping 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Eagle Bulk Shipping's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Eagle Bulk Shipping (Eagle Bulk Shipping) Business Description
Eagle Bulk Shipping Inc is a U.S.-based, fully integrated shipowner-operator, providing global transportation solutions to miners, producers, traders and end users. The company is engaged in the ocean transportation of drybulk cargoes worldwide through the ownership, charter and operation of drybulk vessels. The company focuses on the versatile midsize drybulk vessel segment. The Company's fleet is comprised of Supramax and Ultramax drybulk carriers.
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