GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Terramin Australia Ltd (ASX:TZN) » Definitions » 12-1 Month Momentum %

Terramin Australia (ASX:TZN) 12-1 Month Momentum % : 156.41% (As of Dec. 11, 2024)


View and export this data going back to 2003. Start your Free Trial

What is Terramin Australia 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 (2024-12-11), Terramin Australia's 12-1 Month Momentum % is 156.41%.

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

ASX:TZN's 12-1 Month Momentum % is ranked better than
93.25% of 2547 companies
in the Metals & Mining industry
Industry Median: -12.5 vs ASX:TZN: 156.41

Competitive Comparison of Terramin Australia's 12-1 Month Momentum %

For the Other Industrial Metals & Mining subindustry, Terramin Australia'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.


Terramin Australia's 12-1 Month Momentum % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Terramin Australia's 12-1 Month Momentum % distribution charts can be found below:

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



Terramin Australia  (ASX:TZN) 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.


Terramin Australia  (ASX:TZN) 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.


Terramin Australia 12-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Terramin Australia's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Terramin Australia Business Description

Traded in Other Exchanges
N/A
Address
2115 Callington Road, Strathalbyn, SA, AUS, 5255
Terramin Australia Ltd is engaged in the development and exploration of base and precious metals and other economic mineral deposits. Its projects include Tala Hamza Zinc Project, Bird-in-Hand Gold Project, Angas Zinc Mine, and South Gawler Ranges Project among others. It is organised into business units based on geography and has two reportable operating segments being Australia which explores, develops and mines zinc, lead and gold deposits, and Northern Africa which develops a zinc deposit.

Terramin Australia Headlines

No Headlines