Avance Gas Holding (OSTO:AVANCEO) 6-1 Month Momentum %

: -6.27% (As of Today)

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6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-19), Avance Gas Holding's 6-1 Month Momentum % is -6.27%.

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

OSTO:AVANCEo's 6-1 Month Momentum % is ranked better than
54.58% of 1092 companies
in the Oil & Gas industry
Industry Median: -3.7 vs OSTO:AVANCEo: -6.27

Competitive Comparison

For the Oil & Gas Midstream subindustry, Avance Gas Holding'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.

Avance Gas Holding 6-1 Month Momentum % Distribution

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

* The bar in red indicates where Avance Gas Holding's 6-1 Month Momentum % falls into.

Avance Gas Holding (OSTO:AVANCEo) 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.

Avance Gas Holding (OSTO:AVANCEo) 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.

Avance Gas Holding 6-1 Month Momentum % Related Terms

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Avance Gas Holding (OSTO:AVANCEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Avance Gas Holding Ltd (OSTO:AVANCEo) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

AVACF:USA AGAS:Norway 0QTX:UK A07:Germany

Address

14 Par-la-Ville Road, 4th floor, PO Box HM 1593, Par-la-Ville Place, Hamilton, BMU, HM 08

Website

https://www.avancegas.com

Avance Gas Holding Ltd is engaged in the transportation of liquefied petroleum gas (LPG). It owns and operates very large gas carriers (VLGCs) providing transportation services to oil majors and traders of LPG on a global basis. It operates a fleet of vessels providing customers with global transportation services through the combination of the contract of affreightments and spot market voyages. The company transports liquefied petroleum to destinations in Europe, South America, India, and Asia, mainly loading the Middle East Gulf and the United States Gulf/United States East Coast. The company operates in a single segment that is liquefied petroleum gas.

Avance Gas Holding (OSTO:AVANCEO) Headlines

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