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), PNM Resources's 6-1 Month Momentum % is -15.67%.
The industry rank for PNM Resources's 6-1 Month Momentum % or its related term are showing as below:
PNM's 6-1 Month Momentum % is ranked worse than 83.89% of 565
companies
in the Utilities - Regulated industry
Industry Median: 1.45
vs PNM: -15.67
Competitive Comparison of PNM Resources's 6-1 Month Momentum %
For the Utilities - Regulated Electric subindustry, PNM Resources'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.
PNM Resources's 6-1 Month Momentum % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, PNM Resources's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where PNM Resources'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.
PNM Resources 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of PNM Resources's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
PNM Resources (PNM Resources) Business Description
PNM Resources Inc, or PNMR, is a holding company that owns regulated utilities companies providing electricity and electric services. PNMR segments its operations by its two subsidiaries, PNM and TNMP. PNM provides electric generation, transmission, and distribution services mainly to areas of New Mexico. While PNM uses a variety of fuel sources across its power plant portfolio, its coal and gas-fueled sites produce most of the energy. TNMP owns and operates transmission and distribution services primarily in small to medium-sized communities in Texas. Both subsidiaries generate revenue for PNMR through the sale of electricity and transmission service fees fairly evenly split between residential and commercial customers. PNM generates the vast majority of PNMR's total revenue.
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