Covanta Holding (Covanta Holding) 12-1 Month Momentum % : 58.90% (As of May. 05, 2024)

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What is Covanta Holding 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-05-05), Covanta Holding's 12-1 Month Momentum % is 58.90%.

The industry rank for Covanta Holding's 12-1 Month Momentum % or its related term are showing as below:

CVA's 12-1 Month Momentum % is not ranked
in the Waste Management industry.
Industry Median: -4.33 vs CVA: 58.90

Competitive Comparison of Covanta Holding's 12-1 Month Momentum %

For the Waste Management subindustry, Covanta Holding's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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.

Covanta Holding's 12-1 Month Momentum % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Covanta Holding's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Covanta Holding's 12-1 Month Momentum % falls into.

Covanta Holding (NYSE:CVA) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %

( Price 1-month ago

Price 12-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.

Covanta Holding (NYSE:CVA) 12-1 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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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.

Covanta Holding 12-1 Month Momentum % Related Terms

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Covanta Holding (Covanta Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Covanta Holding Corp (NYSE:CVA) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

445 South Street, Morristown, NJ, USA, 07960

Website

http://www.covanta.com

Covanta Holding Corp is a holding company engaged in the businesses of waste and energy services. It is engaged in the conversion of waste to energy, as well as other waste disposal and renewable energy production businesses. The firm generates its income in the form of waste and service revenue, energy revenue, recycled metals revenue, and other operating income. Geographically, the company operates in the United States.

Executives

Paul E. Stauder	officer: President, Covanta Envir. Sol.	445 SOUTH STREET MORRISTOWN NJ 07960
Thomas L Kenyon	officer: Exec. VP, Gen'l Counsel & Sec.	445 SOUTH STREET MORRISTOWN NJ 07960
Ronald J Broglio	director	1417 HIGH ROAD VANDIVER AL 35176
Schantz Joseph J Ii	officer: Chief Accounting Officer	445 SOUTH STREET MORRISTOWN NJ 07960
Robert S Silberman	director	C/O STRAYER EDUCATION INC, 2303 DULLES STATION BOULEVARD, HERNDON VA 20171
Linda J. Fisher	director	WILMINGTION OFFICE BUILDINGS 1007 MARKET STREET, D-6074 WILMINGTON DE 19898
De Castro Michael Joseph	officer: EVP Supply Chain	445 SOUTH STREET MORRISTOWN NJ 07960
Timothy Simpson	officer: Exec. VP, Gen'l Counsel & Sec.	40 LANE ROAD FAIRFIELD NJ 07004
Matthew Mulcahy	officer: SVP & Head of Corp Development	445 SOUTH STREET MORRISTOWN NJ 07960
Owen Michaelson	director	3 BRADFIELD WAY WAVERLEY ROTHERHAM X0 S60 5WE
Virginia D. Angilello	officer: SVP & CHRO	445 SOUTH STREET COVANTA MORRISTOWN NJ 07960
Stephen J Jones	officer: President and CEO	7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195-1501
Danielle Pletka	director	1789 MASSACHUSETTS AVENUE, NW WASHINGTON, DC DC 20036
Michael W Ranger	director	C/O TXU CORP, 1601 BRYAN ST, DALLAS TX 75201
Manpreet Grewal	officer: VP & Chief Accounting Officer	600 GRANT STREET, PITTSBURGH PA 15219