12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-27), Global Partners LP's 12-1 Month Momentum % is 48.01%.
The industry rank for Global Partners LP's 12-1 Month Momentum % or its related term are showing as below:
GLP's 12-1 Month Momentum % is ranked better than 85.02% of 1088
companies
in the Oil & Gas industry
Industry Median: -0.58
vs GLP: 48.01
Competitive Comparison of Global Partners LP's 12-1 Month Momentum %
For the Oil & Gas Midstream subindustry, Global Partners LP'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.
Global Partners LP's 12-1 Month Momentum % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Global Partners LP's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Global Partners LP's 12-1 Month Momentum % falls into.
Global Partners LP (NYSE:GLP) 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.
Global Partners LP (NYSE:GLP) 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.
Global Partners LP 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Global Partners LP's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Global Partners LP (Global Partners LP) Business Description
Global Partners LP is an us-based limited partnership that acts as a midstream logistics and marketing company. It is mainly engaged in purchasing, selling, storing and logistics of transporting petroleum and related products. The company owns and operates and control terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, and other places. It distributes gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, natural gas and propane to wholesalers, retailers and commercial customers. The company operates through three segments i.e. Wholesale, Gasoline Distribution and Station Operations and Commercial. It generates maximum revenue from the Wholesale segment.
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