6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2022-08-18), Chevron's 6-1 Month Momentum % is 3.02%.
The industry rank for Chevron's 6-1 Month Momentum % or its related term are showing as below:
CVX's 6-1 Month Momentum % is not ranked
in the Oil & Gas industry.
Industry Median: -6.67
vs CVX: 3.02
Competitive Comparison
For the Oil & Gas Integrated subindustry, Chevron'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.
Chevron 6-1 Month Momentum % Distribution
For the Oil & Gas industry and Energy sector, Chevron's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Chevron'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.
Chevron 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Chevron's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second- largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the U.S. and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2021 stood at 11.3 billion barrels of oil equivalent, including 6.1 billion barrels of liquids and 30.9 trillion cubic feet of natural gas.
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