Entyr (ASX:ETR) 6-1 Month Momentum % : 16.67% (As of May. 12, 2024)

View and export this data going back to 2006. Start your Free Trial

What is Entyr 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-12), Entyr's 6-1 Month Momentum % is 16.67%.

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

ASX:ETR's 6-1 Month Momentum % is ranked better than
74.9% of 259 companies
in the Waste Management industry
Industry Median: -0.62 vs ASX:ETR: 16.67

Competitive Comparison of Entyr's 6-1 Month Momentum %

For the Waste Management subindustry, Entyr'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.

Entyr's 6-1 Month Momentum % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Entyr's 6-1 Month Momentum % distribution charts can be found below:

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

Entyr (ASX:ETR) 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.

Entyr (ASX:ETR) 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.

Entyr 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Entyr's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.

Entyr (ASX:ETR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Entyr Ltd (ASX:ETR) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

63 Burnside Road, Unit 19, Stapylton, Gold Coast, QLD, AUS, 4207

Website

https://www.entyr.com.au

Entyr Ltd operates as a waste management company. The company applies thermal desorption technology to cleanly convert tyres into valuable secondary products. The product offering includes high-grade fuel oil, fine powder substance, energy, and clean rubber-free products which can be sold to recyclers worldwide and reused in the manufacturing and steel industries. Its operating segment includes Tyre processing and Manufacturing. The company generates maximum revenue from the Tyre processing segment.