What is Targa Resources Partners LP 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 (2024-05-06), Targa Resources Partners LP's 6-1 Month Momentum % is -66.93%.
The industry rank for Targa Resources Partners LP's 6-1 Month Momentum % or its related term are showing as below:
NGLS's 6-1 Month Momentum % is not ranked
in the Oil & Gas industry.
Industry Median: 1.79
vs NGLS: -66.93
For the Oil & Gas Midstream subindustry, Targa Resources 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.
Targa Resources Partners LP's 6-1 Month Momentum % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Targa Resources Partners LP's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Targa Resources Partners LP'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.
Targa Resources Partners LP 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Targa Resources Partners LP's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Targa Resources Partners LP (Targa Resources Partners LP) Business Description
Targa Resources Partners LP is a midstream natural gas company. It mainly operates, acquires and develop a diversified portfolio of complementary midstream energy assets. The company acts as a provider of midstream natural gas and NGL (Natural Gas Liquids) services as well as crude oil gathering and petroleum terminaling. The company's business activities include gathering, compressing, treating, processing and selling natural gas, storing, fractionating, treating, transporting and selling NGLs and NGL products, including services to LPG (Liquefied Petroleum Gas) exporters; gathering, storing and terminaling crude oil, and storing, terminaling and selling refined petroleum products. Targa divides its business into two segments Gathering and Processing, and Logistics and Transportation.
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