Indian Oil (NSE:IOC) 6-1 Month Momentum % : 88.53% (As of Apr. 26, 2024)

View and export this data going back to 1996. Start your Free Trial

What is Indian Oil 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), Indian Oil's 6-1 Month Momentum % is 88.53%.

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

NSE:IOC's 6-1 Month Momentum % is ranked better than
96.82% of 1099 companies
in the Oil & Gas industry
Industry Median: -0.56 vs NSE:IOC: 88.53

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

For the Oil & Gas Refining & Marketing subindustry, Indian Oil'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.

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

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

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

Indian Oil (NSE:IOC) 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.

Indian Oil (NSE:IOC) 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.

Indian Oil 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Indian Oil's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.

Indian Oil (NSE:IOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Indian Oil Corp Ltd (NSE:IOC) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

530965:India

Address

J.B. Tito Marg, 3079/3, Sadiq Nagar, New Delhi, IND, 110 049

Website

https://www.iocl.com

Indian Oil Corp Ltd conducts business across the energy value chain as India's national oil company. The Petroleum Products business generates the majority of the group's revenue. Indian Oil pursues exploration and production opportunities both domestically and internationally. Sale of Petrochemicals , Other operating segment of the Corporation comprises; Gas, Oil & Gas Exploration Activities, Explosives & Cryogenic Business and Wind Mill & Solar Power Generation. A network of pipelines in India not only transport oil from company fields but also to and from its refineries. The pipeline network spans across India and can move various petroleum products. The firm's refinery operations include a host of technologies for processing oil and gas to meet the needs of a diverse client base.