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SHASF (ShaMaran Petroleum) 12-1 Month Momentum % : 78.79% (As of Dec. 13, 2024)


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What is ShaMaran Petroleum 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 (2024-12-13), ShaMaran Petroleum's 12-1 Month Momentum % is 78.79%.

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

SHASF's 12-1 Month Momentum % is ranked better than
95.16% of 1053 companies
in the Oil & Gas industry
Industry Median: -1.24 vs SHASF: 78.79

Competitive Comparison of ShaMaran Petroleum's 12-1 Month Momentum %

For the Oil & Gas E&P subindustry, ShaMaran Petroleum'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.


ShaMaran Petroleum's 12-1 Month Momentum % Distribution in the Oil & Gas Industry

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

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



ShaMaran Petroleum  (OTCPK:SHASF) 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.


ShaMaran Petroleum  (OTCPK:SHASF) 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.


ShaMaran Petroleum 12-1 Month Momentum % Related Terms

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ShaMaran Petroleum Business Description

Traded in Other Exchanges
Address
885 West Georgia Street, Suite 2000, Vancouver, BC, CAN, V6C 3E8
ShaMaran Petroleum Corp is an oil development and exploration company. It is engaged in the business of developing and producing oil and gas. Along with its subsidiary, the company has an interest in the Atrush block, Kurdistan Region of Iraq. In addition, the group holds a participating interest in the Sarsang block of the Kurdistan region.

ShaMaran Petroleum Headlines

From GuruFocus

ShaMaran Announces Atrush Production Update

By GlobeNewswire GlobeNewswire 04-03-2018

ShaMaran Announces Payment for Atrush Oil Deliveries

By GlobeNewswire GlobeNewswire 04-17-2018