6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2022-08-19), Albemarle's 6-1 Month Momentum % is 10.88%.
The industry rank for Albemarle's 6-1 Month Momentum % or its related term are showing as below:
ALB's 6-1 Month Momentum % is ranked better than 82.07% of 1461
companies
in the Chemicals industry
Industry Median: -9.17
vs ALB: 10.88
Competitive Comparison
For the Specialty Chemicals subindustry, Albemarle'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.
Albemarle 6-1 Month Momentum % Distribution
For the Chemicals industry and Basic Materials sector, Albemarle's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Albemarle'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.
Albemarle 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Albemarle's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Albemarle is the world's largest lithium producer. Our outlook for robust lithium demand is predicated upon increased demand for electric vehicle batteries. Albemarle produces lithium from its salt brine deposits in Chile and the U.S. and its hard rock joint venture mines in Australia. Albemarle is also a global leader in the production of bromine, used in flame retardants. The company is also a major producer of oil refining catalysts.
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