What is Rentech Nitrogen 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 (2024-05-05), Rentech Nitrogen Partners LP's 6-1 Month Momentum % is -21.61%.
The industry rank for Rentech Nitrogen Partners LP's 6-1 Month Momentum % or its related term are showing as below:
RNF's 6-1 Month Momentum % is not ranked
in the Agriculture industry.
Industry Median: -0.38
vs RNF: -21.61
For the Agricultural Inputs subindustry, Rentech Nitrogen 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.
Rentech Nitrogen Partners LP's 6-1 Month Momentum % Distribution in the Agriculture Industry
For the Agriculture industry and Basic Materials sector, Rentech Nitrogen Partners LP's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Rentech Nitrogen 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.
Rentech Nitrogen Partners LP 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Rentech Nitrogen Partners LP's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Rentech Nitrogen Partners LP (Rentech Nitrogen Partners LP) Business Description
Rentech Nitrogen Partners LP is a Delaware limited partnership formed in July 2011. The Company is engaged in manufacturing of nitrogen fertilizer. The Company owns and operates two fertilizer facilities: East Dubuque Facility and Pasadena Facility. The East Dubuque Facility produces ammonia, UAN, liquid and granular urea, nitric acid and food-grade carbon dioxide, or CO2, using natural gas as its primary feedstock. Some of these products are final products sold to customers, and others, including ammonia, are both final products and feedstocks for other products, such as UAN, nitric acid, liquid urea and granular urea. The Pasadena Facility ceased production of diammonium phosphate and monoammonium phosphate. Its Pasadena Facility is the producer of synthetic ammonium sulfate and the third largest producer of ammonium sulfate in North America. The Pasadena Facility's products are applied to many types of crops including soybeans, potatoes, cotton, canola, alfalfa, corn and wheat. The Company is subject to a number of federal and state laws and regulations related to safety, including the federal Occupational Safety and Health Act, or OSHA, and comparable state statutes, the purpose of which are to protect the health and safety of workers.
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