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HXGCF (Hexagon Composites ASA) 12-1 Month Momentum % : 98.01% (As of Dec. 15, 2024)


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What is Hexagon Composites ASA 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 (2024-12-15), Hexagon Composites ASA's 12-1 Month Momentum % is 98.01%.

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

HXGCF's 12-1 Month Momentum % is ranked better than
94.03% of 419 companies
in the Packaging & Containers industry
Industry Median: -0.22 vs HXGCF: 98.01

Competitive Comparison of Hexagon Composites ASA's 12-1 Month Momentum %

For the Packaging & Containers subindustry, Hexagon Composites ASA'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.


Hexagon Composites ASA's 12-1 Month Momentum % Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Hexagon Composites ASA's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Hexagon Composites ASA's 12-1 Month Momentum % falls into.



Hexagon Composites ASA  (OTCPK:HXGCF) 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.


Hexagon Composites ASA  (OTCPK:HXGCF) 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.


Hexagon Composites ASA 12-1 Month Momentum % Related Terms

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Hexagon Composites ASA Business Description

Traded in Other Exchanges
Address
Korsegata 4B, P.O. Box 836, Sentrum, Aalesund, NOR, 6002
Hexagon Composites ASA is a supplier of clean energy technology for gas storage, distribution, fuel systems, and drivetrains. Its operating segments are Hexagon Agility & CNG LDV, Hexagon Purus, Hexagon Digital Wave, and Hexagon Ragasco LPG. Hexagon Agility & CNG LDV segment offers natural gas fuel systems and delivery solutions for the mobility market. Hexagon Purus is a provider of technology needed for zero-emission mobility. The Hexagon Digital Wave segment offers cylinder testing and monitoring technology. Hexagon Ragasco LPG segment is a manufacturer of composite LPG cylinders. It operates through Europe, North America, Southeast Asia, the Middle East, and Norway geographic regions.