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ALTX (Altex Industries) 12-1 Month Momentum % : 25.65% (As of Dec. 14, 2024)


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What is Altex Industries 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 (2024-12-14), Altex Industries's 12-1 Month Momentum % is 25.65%.

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

ALTX's 12-1 Month Momentum % is ranked better than
75.36% of 1051 companies
in the Oil & Gas industry
Industry Median: -1.12 vs ALTX: 25.65

Competitive Comparison of Altex Industries's 12-1 Month Momentum %

For the Oil & Gas E&P subindustry, Altex Industries'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.


Altex Industries's 12-1 Month Momentum % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Altex Industries's 12-1 Month Momentum % distribution charts can be found below:

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



Altex Industries  (OTCPK:ALTX) 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.


Altex Industries  (OTCPK:ALTX) 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.


Altex Industries 12-1 Month Momentum % Related Terms

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Altex Industries Business Description

Traded in Other Exchanges
N/A
Address
700 Colorado Boulevard, Suite 273, Denver, CO, USA, 80206-4084
Altex Industries Inc is a USA-based holding company. Through its wholly-owned subsidiary, it owns interests in productive onshore oil and gas properties, has bought and sold producing oil and gas properties, and has participated in the drilling of exploratory and development wells, and completion of existing wells in Utah and Wyoming. The Company's revenue is from sales of oil and gas production, interest income, and, occasionally, bonus payments for mineral leases.
Executives
Jeffrey S Chernow director PO BOX 1057, BRECKENRIDGE CO 80424
Stephen Fante director PO BOX 1057, BRECKENRIDGE CO 80424

Altex Industries Headlines

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