EQTEC (LSE:EQT) 12-1 Month Momentum % : -11.33% (As of May. 23, 2024)

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What is EQTEC 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 (2024-05-23), EQTEC's 12-1 Month Momentum % is -11.33%.

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

LSE:EQT's 12-1 Month Momentum % is ranked better than
50.05% of 2927 companies
in the Industrial Products industry
Industry Median: -4.95 vs LSE:EQT: -11.33

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

For the Specialty Industrial Machinery subindustry, EQTEC'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.

EQTEC's 12-1 Month Momentum % Distribution in the Industrial Products Industry

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

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

EQTEC (LSE:EQT) 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.

EQTEC (LSE:EQT) 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.

EQTEC 12-1 Month Momentum % Related Terms

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EQTEC (LSE:EQT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » EQTEC PLC (LSE:EQT) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

KEU:Germany

Address

Building 1000, City Gate, Mahon, Cork, IRL, T12 W7CV

Website

https://www.eqtec.com

EQTEC PLC is a developer of clean energy infrastructure focused on reducing greenhouse gas emissions and wastes through gasification technologies. The company provides solutions to manage rising levels of waste and meet the growing demand for clean energy the group design and supplies advanced gasification solutions and have a higher efficiency product offering that is modular and scalable from 1MW to 30MW and the solutions produce synthesis gas (syngas), that can be used for the widest applications in the generation of clean energy, hydrogen, and biofuels, enabling the Net Zero Future through advanced solutions for hydrogen, biofuels, SNG, and other energy production.