Navios Maritime Partners LP (Navios Maritime Partners LP) 6-1 Month Momentum % : 90.33% (As of Apr. 28, 2024)

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What is Navios Maritime Partners LP 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 (2024-04-28), Navios Maritime Partners LP's 6-1 Month Momentum % is 90.33%.

The industry rank for Navios Maritime Partners LP's 6-1 Month Momentum % or its related term are showing as below:

NMM's 6-1 Month Momentum % is ranked better than
97.81% of 1050 companies
in the Transportation industry
Industry Median: 5.1 vs NMM: 90.33

Competitive Comparison of Navios Maritime Partners LP's 6-1 Month Momentum %

For the Marine Shipping subindustry, Navios Maritime 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.

Navios Maritime Partners LP's 6-1 Month Momentum % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Navios Maritime Partners LP's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Navios Maritime Partners LP's 6-1 Month Momentum % falls into.

Navios Maritime Partners LP (NYSE:NMM) 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.

Navios Maritime Partners LP (NYSE:NMM) 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.

Navios Maritime Partners LP 6-1 Month Momentum % Related Terms

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Navios Maritime Partners LP (Navios Maritime Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Navios Maritime Partners LP (NYSE:NMM) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Avenue de Grande Bretagne, Office 11B2, Monte Carlo, MCO, MC 98000

Website

https://www.navios-mlp.com

Navios Maritime Partners LP is a seaborne shipping company. It owns and operates dry cargo and container vessels with the primary long-term and staggered expiration charters. The firm's fleet consists of Ultra- Handymax, Panamax, Capsize, and Container vessels and categorized in Drybulk and Container vessels. It earns revenue through chartering of vessels, voyage contracts. Geographically, it generates majority revenue from Asia.