6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2023-09-21), Shell Midstream Partners LP's 6-1 Month Momentum % is 10.57%.
The industry rank for Shell Midstream Partners LP's 6-1 Month Momentum % or its related term are showing as below:
SHLX's 6-1 Month Momentum % is not ranked
in the Oil & Gas industry.
Industry Median: 4.53
vs SHLX: 10.57
Competitive Comparison
For the Oil & Gas Midstream subindustry, Shell Midstream Partners LP'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.
Shell Midstream Partners LP 6-1 Month Momentum % Distribution
For the Oil & Gas industry and Energy sector, Shell Midstream Partners LP's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Shell Midstream Partners LP's 6-1 Month Momentum % falls in comparison to its industry or sector. The grey bar indicates the 6-1 Month Momentum %'s extreme value range as defined by GuruFocus.
* 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.
Shell Midstream Partners LP 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Shell Midstream Partners LP's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Shell Midstream Partners LP (NYSE:SHLX) Business Description
Shell Midstream Partners LP is a US-based limited partnership that is formed to own, operate, develop and acquire pipelines and other midstream assets. The company holds an interest in several entities which own crude oil, refined products and natural gas pipelines, and crude tank storage and terminal system. It provides a transportation and storage facility to deliver refined products from Gulf Coast markets to demand centers. The company earns revenue through the long-term transportation agreements by charging fees for the transportation of crude oil and refined products through its pipelines.
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