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RUBLF (Rubellite Energy) 6-1 Month Momentum % : -16.41% (As of Oct. 31, 2024)


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What is Rubellite Energy 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 (2024-10-31), Rubellite Energy's 6-1 Month Momentum % is -16.41%.

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

RUBLF's 6-1 Month Momentum % is ranked worse than
63.09% of 1054 companies
in the Oil & Gas industry
Industry Median: -6.195 vs RUBLF: -16.41

Competitive Comparison of Rubellite Energy's 6-1 Month Momentum %

For the Oil & Gas E&P subindustry, Rubellite Energy'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.


Rubellite Energy's 6-1 Month Momentum % Distribution in the Oil & Gas Industry

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

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



Rubellite Energy  (OTCPK:RUBLF) 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.


Rubellite Energy  (OTCPK:RUBLF) 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.


Rubellite Energy 6-1 Month Momentum % Related Terms

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Rubellite Energy Business Description

Traded in Other Exchanges
Address
605 5 Avenue South West, Suite 3200, Calgary, AB, CAN, T2P 3H5
Rubellite Energy Inc is a Canadian energy company. The company is focused on Clearwater oil exploration and development utilizing multi-lateral horizontal drilling technology. The company is also engaged in the production of conventional heavy crude oil from the Clearwater Formation in Eastern Alberta, The Clearwater is a high rate of return play with compelling economics at current forward market prices for Western Canadian Select crude oil.

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