6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-25), MRC Global's 6-1 Month Momentum % is 29.75%.
The industry rank for MRC Global's 6-1 Month Momentum % or its related term are showing as below:
MRC's 6-1 Month Momentum % is ranked better than 81.78% of 1092
companies
in the Oil & Gas industry
Industry Median: -0.575
vs MRC: 29.75
Competitive Comparison of MRC Global's 6-1 Month Momentum %
For the Oil & Gas Equipment & Services subindustry, MRC Global'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.
MRC Global's 6-1 Month Momentum % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, MRC Global's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where MRC Global's 6-1 Month Momentum % falls into.
MRC Global (NYSE:MRC) 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.
MRC Global (NYSE:MRC) 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.
MRC Global 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of MRC Global's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
MRC Global Inc distributes pipes, valves, fittings, and related products and services to the energy industry. Products are often used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions. In these conditions and other environments, MRC's valve products give the customer the ability to control the direction, velocity, and pressure of fluids and gases within transmission networks. In addition, other products can be used to regulate flow and on/off service. MRC's other products, which include pipe, steel fitting, and tubular goods, are used across all of the industries in which the company operates. Specialized services are delivered alongside this array of products to enhance the client relationship.
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