12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-28), SM Energy Co's 12-1 Month Momentum % is 85.73%.
The industry rank for SM Energy Co's 12-1 Month Momentum % or its related term are showing as below:
SM's 12-1 Month Momentum % is ranked better than 92.83% of 1088
companies
in the Oil & Gas industry
Industry Median: -0.58
vs SM: 85.73
Competitive Comparison of SM Energy Co's 12-1 Month Momentum %
For the Oil & Gas E&P subindustry, SM Energy Co'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.
SM Energy Co's 12-1 Month Momentum % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, SM Energy Co's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where SM Energy Co's 12-1 Month Momentum % falls into.
SM Energy Co (NYSE:SM) 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.
SM Energy Co (NYSE:SM) 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.
SM Energy Co 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of SM Energy Co's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
SM Energy Co is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids. Operating primarily out of the United States, the company actively participates in joint ventures, prospects/leaseholds, and drill-to-earn opportunities. The majority of the company's revenue is derived from some of the United States' premier drilling locations. Drilling location interests have been traditionally obtained through oil and gas leases from third parties. SM Energy relies on its fleet of geologists, geophysicists, landmen, and engineers to help extract the full potential out of all properties held.
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