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NOPMF (Neo Performance Materials) 12-1 Month Momentum % : 6.38% (As of Dec. 14, 2024)


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What is Neo Performance Materials 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 (2024-12-14), Neo Performance Materials's 12-1 Month Momentum % is 6.38%.

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

NOPMF's 12-1 Month Momentum % is ranked better than
67.93% of 1556 companies
in the Chemicals industry
Industry Median: -2.42 vs NOPMF: 6.38

Competitive Comparison of Neo Performance Materials's 12-1 Month Momentum %

For the Specialty Chemicals subindustry, Neo Performance Materials'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.


Neo Performance Materials's 12-1 Month Momentum % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Neo Performance Materials's 12-1 Month Momentum % distribution charts can be found below:

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



Neo Performance Materials  (OTCPK:NOPMF) 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.


Neo Performance Materials  (OTCPK:NOPMF) 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.


Neo Performance Materials 12-1 Month Momentum % Related Terms

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Neo Performance Materials Business Description

Traded in Other Exchanges
Address
121 King Street West, Suite 1740, Toronto, ON, CAN, M5H 3T9
Neo Performance Materials Inc is engaged in the innovation, development, processing, and manufacturing of rare earth and rare metal-based functional materials. Its operating segments include Magnequench, Chemicals & Oxides, Rare Metals, and Corporate. The Magnequench segment produces magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron magnets. The Chemicals & Oxides segment manufactures and distributes a broad range of industrial materials. The Rare Metals segment produces specialty metals and their compounds, such as tantalum, niobium, hafnium, rhenium, gallium, and indium. Its geographical segments are Asia, North America, Europe, and Others.