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Glencore (LSE:GLEN) 12-1 Month Momentum % : -5.17% (As of Oct. 31, 2024)


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What is Glencore 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 (2024-10-31), Glencore's 12-1 Month Momentum % is -5.17%.

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

LSE:GLEN's 12-1 Month Momentum % is ranked better than
55.61% of 2566 companies
in the Metals & Mining industry
Industry Median: -12.77 vs LSE:GLEN: -5.17

Competitive Comparison of Glencore's 12-1 Month Momentum %

For the Other Industrial Metals & Mining subindustry, Glencore'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.


Glencore's 12-1 Month Momentum % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Glencore's 12-1 Month Momentum % distribution charts can be found below:

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



Glencore  (LSE:GLEN) 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.


Glencore  (LSE:GLEN) 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.


Glencore 12-1 Month Momentum % Related Terms

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Glencore Business Description

Address
Baarermattstrasse 3, Baar, CHE, CH-6340
Glencore is one of the world's largest commodities traders, active in markets for metals and minerals, energy products, and agricultural goods. The firm's marketing business provides sourcing, logistics, transportation, storage, and financing services to commodity producers and consumers around the globe. Core exposures are in the production of thermal coal, coking coal, copper, zinc, nickel, cobalt, and ferroalloys. Unlike other major miners, Glencore plans to produce thermal coal until its mines exhaust, arguing that it is better for listed, western companies to own these assets and then rehabilitate them consistent with western standards. It also expanded its coking coal exposure via the purchase of 77% of Teck's metallurgical coal business in July 2024.

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