Viva Energy Group (ASX:VEA) 12-1 Month Momentum % : 19.35% (As of Apr. 30, 2024)

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What is Viva Energy Group 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 (2024-04-30), Viva Energy Group's 12-1 Month Momentum % is 19.35%.

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

ASX:VEA's 12-1 Month Momentum % is ranked better than
68.22% of 1092 companies
in the Oil & Gas industry
Industry Median: -0.245 vs ASX:VEA: 19.35

Competitive Comparison of Viva Energy Group's 12-1 Month Momentum %

For the Oil & Gas Refining & Marketing subindustry, Viva Energy Group'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.

Viva Energy Group's 12-1 Month Momentum % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Viva Energy Group's 12-1 Month Momentum % falls into.

Viva Energy Group (ASX:VEA) 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.

Viva Energy Group (ASX:VEA) 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.

Viva Energy Group 12-1 Month Momentum % Related Terms

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Viva Energy Group (ASX:VEA) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

2AH:Germany

Address

720 Bourke Street, Level 16, Docklands, Melbourne, VIC, AUS, 3008

Website

https://www.vivaenergy.com.au

Viva is Australia's second-largest vertically integrated refined transport fuel supplier. We rate Viva as the second-most-significant pipeline owner, and at approximately 1,155 locations, Viva supplies the third-largest number of retail sites in Australia behind Ampol at approximately 1,985 and BP at 1,400.Vitol bought Shell's Australian downstream operations in 2014, and renamed them Viva Energy. Viva subsequently bought Shell's Australian aviation operations and a 50% investment in Liberty Oil. In 2016, Viva sold (and leased back) a portfolio of its retail sites to Viva Energy REIT and listed Viva Energy REIT on the ASX. It has since sold its entire REIT stake for AUD 734 million.