6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-27), Nexeo Solutions's 6-1 Month Momentum % is -6.09%.
The industry rank for Nexeo Solutions's 6-1 Month Momentum % or its related term are showing as below:
NXEO's 6-1 Month Momentum % is not ranked
in the Chemicals industry.
Industry Median: 0.41
vs NXEO: -6.09
Competitive Comparison of Nexeo Solutions's 6-1 Month Momentum %
For the Chemicals subindustry, Nexeo Solutions'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.
Nexeo Solutions's 6-1 Month Momentum % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nexeo Solutions's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Nexeo Solutions'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.
Nexeo Solutions 6-1 Month Momentum % Related Terms
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Nexeo Solutions (Nexeo Solutions) Business Description
Nexeo Solutions Inc distributes chemicals and plastic products across North America and Asia. The company operates its business through three segments that are; Chemicals, Plastics, and Environmental Services. The firm through its operating segments distributes specialty and industrial chemicals, additives and solvents to industrial users, commodity polymer products and prime engineering resins to companies engaged in plastics processing. Nexeo also provides its customers with on-site and off-site hazardous and non-hazardous waste collection, recovery and arrangement for disposal services or recycling. It generates the majority of the revenues from the sale of chemicals and plastic materials.
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