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Caspian Energy (FRA:NQ3) 12-1 Month Momentum % : N/A% (As of Jun. 15, 2024)


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What is Caspian Energy 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 (2024-06-15), Caspian Energy's 12-1 Month Momentum % is N/A%.

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

FRA:NQ3's 12-1 Month Momentum % is not ranked *
in the Oil & Gas industry.
Industry Median: 4.17
* Ranked among companies with meaningful 12-1 Month Momentum % only.

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

For the Oil & Gas E&P subindustry, Caspian Energy'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.


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

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

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



Caspian Energy  (FRA:NQ3) 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.


Caspian Energy  (FRA:NQ3) 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.


Caspian Energy 12-1 Month Momentum % Related Terms

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Caspian Energy (FRA:NQ3) Business Description

Traded in Other Exchanges
N/A
Address
Caspian Energy Inc is engaged in the exploration of oil and natural resource business activities. It involved in development and production of crude oil and natural gas. The company mainly operates in Aktyubinsk region in Kazakhstan. It derives most of its revenues from the sale of the exploration business and has operations spread across Kazakhastan.

Caspian Energy (FRA:NQ3) Headlines

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