12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-05-01), Magnolia Oil & Gas's 12-1 Month Momentum % is 22.87%.
The industry rank for Magnolia Oil & Gas's 12-1 Month Momentum % or its related term are showing as below:
MGY's 12-1 Month Momentum % is ranked better than 71.55% of 1093
companies
in the Oil & Gas industry
Industry Median: -0.13
vs MGY: 22.87
For the Oil & Gas E&P subindustry, Magnolia Oil & Gas'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.
Magnolia Oil & Gas's 12-1 Month Momentum % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Magnolia Oil & Gas's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Magnolia Oil & Gas's 12-1 Month Momentum % falls into.
Magnolia Oil & Gas (NYSE:MGY) 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.
Magnolia Oil & Gas (NYSE:MGY) 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.
Magnolia Oil & Gas 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Magnolia Oil & Gas's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Magnolia Oil & Gas (Magnolia Oil & Gas) Business Description
Magnolia Oil & Gas Corp is an independent oil and natural gas company engaged in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquid (NGL) reserves. The Company's oil and natural gas properties are located in Karnes County and the Giddings area in South Texas, where the Company targets the Eagle Ford Shale and Austin Chalk formations. Its objective is to generate stock market value over the long term through consistent organic production growth, high full-cycle operating margins, and an efficient capital program with short economic paybacks. The company's operating segment is acquisition, development, exploration, and production of oil and natural gas properties located in the United States.
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