Gran Tierra Energy (TSX:GTE) 6-1 Month Momentum % : 12.43% (As of Apr. 29, 2024)

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What is Gran Tierra 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 (2024-04-29), Gran Tierra Energy's 6-1 Month Momentum % is 12.43%.

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

TSX:GTE's 6-1 Month Momentum % is ranked better than
73.08% of 1096 companies
in the Oil & Gas industry
Industry Median: 0.57 vs TSX:GTE: 12.43

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

For the Oil & Gas E&P subindustry, Gran Tierra 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.

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

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

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

Gran Tierra Energy (TSX:GTE) 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.

Gran Tierra Energy (TSX:GTE) 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.

Gran Tierra Energy 6-1 Month Momentum % Related Terms

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Gran Tierra Energy (TSX:GTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gran Tierra Energy Inc (TSX:GTE) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

GTE:USA GTE:UK G1P0:Germany

Address

500 Centre Street South East, Calgary, AB, CAN, T2G 1A6

Website

https://www.grantierra.com

Gran Tierra Energy Inc is an independent energy company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties. The firm produces light crude oil, supplemented with medium crude and natural gas. Gran Tierra holds interests in producing and prospective properties in Colombia and prospective properties in Ecuador. The company derives its revenue from Colombia.