OMV AG (OMV AG) 6-1 Month Momentum % : 1.45% (As of Apr. 27, 2024)

View and export this data going back to 2004. Start your Free Trial

What is OMV AG 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 (2024-04-27), OMV AG's 6-1 Month Momentum % is 1.45%.

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

OMVJF's 6-1 Month Momentum % is ranked better than
65.7% of 1099 companies
in the Oil & Gas industry
Industry Median: 0.61 vs OMVJF: 1.45

Competitive Comparison of OMV AG's 6-1 Month Momentum %

For the Oil & Gas Integrated subindustry, OMV AG'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.

OMV AG's 6-1 Month Momentum % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, OMV AG's 6-1 Month Momentum % distribution charts can be found below:

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

OMV AG (OTCPK:OMVJF) 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.

OMV AG (OTCPK:OMVJF) 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.

OMV AG 6-1 Month Momentum % Related Terms

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

OMV AG (OMV AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » OMV AG (OTCPK:OMVJF) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

OMVKY:USA OMVv:UK 0MKH:UK OMV:Germany OMV:Czech Republic OMV:Austria

Address

Trabrennstrasse 6 - 8, Vienna, AUT, 1020

Website

https://www.omv.com

OMV AG is an international, integrated oil and gas company that operates in the Exploration & Production, Refining & Marketing, and Chemicals & Materials segments. The company has exploration and production assets in a multitude of countries in Europe, Asia, and Africa. Exploration & Production (E&P) engages in the business of oil and gas exploration, development and production and focuses on the regions Central and Eastern Europe, North Sea, Middle East and Africa, and Asia-Pacific. The Refining & Marketing (R&M) Business Segment refines and markets crude and other feedstock. The Chemicals & Materials (C&M) Business Segment provides circular polyolefin solutions and base chemicals, fertilizers, and plastics recycling.