GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Odfjell Technology Ltd (OSTO:OTLo) » Definitions » 12-1 Month Momentum %

Odfjell Technology (OSTO:OTLO) 12-1 Month Momentum % : -4.94% (As of Dec. 14, 2024)


View and export this data going back to 2022. Start your Free Trial

What is Odfjell Technology 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), Odfjell Technology's 12-1 Month Momentum % is -4.94%.

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

OSTO:OTLo's 12-1 Month Momentum % is ranked worse than
53.19% of 1051 companies
in the Oil & Gas industry
Industry Median: -1.12 vs OSTO:OTLo: -4.94

Competitive Comparison of Odfjell Technology's 12-1 Month Momentum %

For the Oil & Gas Drilling subindustry, Odfjell Technology'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.


Odfjell Technology's 12-1 Month Momentum % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Odfjell Technology's 12-1 Month Momentum % distribution charts can be found below:

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



Odfjell Technology  (OSTO:OTLo) 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.


Odfjell Technology  (OSTO:OTLo) 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.


Odfjell Technology 12-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Odfjell Technology's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Odfjell Technology Business Description

Traded in Other Exchanges
Address
Prime View, Prime Four Business Park, Lower Ground Floor, Kingswells, Aberdeen, GBR, AB15 8PU
Odfjell Technology Ltd is a well services, drilling operations, engineering, and sustainable energy solutions provider, offering engineering services, well services, and drilling operation services to both onshore and offshore drilling operations, with an offshore focus.

Odfjell Technology Headlines

No Headlines