Aveng (JSE:AEG) 12-1 Month Momentum % : 13.99% (As of Apr. 13, 2025)

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What is Aveng 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 (2025-04-13), Aveng's 12-1 Month Momentum % is 13.99%.

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

JSE:AEG's 12-1 Month Momentum % is ranked better than
69.54% of 1809 companies
in the Construction industry
Industry Median: -2.25 vs JSE:AEG: 13.99

Competitive Comparison of Aveng's 12-1 Month Momentum %

For the Engineering & Construction subindustry, Aveng'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.

Aveng's 12-1 Month Momentum % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Aveng's 12-1 Month Momentum % distribution charts can be found below:

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

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Aveng (JSE:AEG) 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.

Aveng (JSE:AEG) 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.

Aveng 12-1 Month Momentum % Related Terms

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Aveng Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Aveng Ltd (JSE:AEG) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

UG8K:Germany UG8:Germany

Address

2 Merlin Rose Avenue, Parkhaven, Boksburg, GT, ZAF, 1459

Website

https://www.aveng.co.za

Aveng Ltd is in the construction and engineering business. It has the following segments; the Infrastructure segment comprises McConnell Dowell and is divided into Australia, New Zealand and Pacific Islands, and Southeast Asia; the Building segment comprises Built Environs, an infrastructure-led specialist with experience in sport, health and science, defence, education, residential, commercial, retail, industrial, and infrastructure sectors; the Mining segment comprises Moolmans, a tier-one contract mining business operating in Africa with a primary focus on open cast mining; and Aveng Legacy and the Aveng Corporate and eliminations segment. It generates the majority of its revenue from the Infrastructure segment.