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Africa Oil (TSX:AOI) 12-1 Month Momentum % : -25.73% (As of Dec. 12, 2024)


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What is Africa Oil 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 (2024-12-12), Africa Oil's 12-1 Month Momentum % is -25.73%.

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

TSX:AOI's 12-1 Month Momentum % is ranked worse than
76.92% of 1053 companies
in the Oil & Gas industry
Industry Median: -1.22 vs TSX:AOI: -25.73

Competitive Comparison of Africa Oil's 12-1 Month Momentum %

For the Oil & Gas E&P subindustry, Africa Oil'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.


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

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

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



Africa Oil  (TSX:AOI) 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.


Africa Oil  (TSX:AOI) 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.


Africa Oil 12-1 Month Momentum % Related Terms

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Africa Oil Business Description

Industry
Address
666 Burrard Street, Suite 2500, Vancouver, BC, CAN, V6C 2X8
Africa Oil Corp is an international oil and gas exploration company based in Canada with oil and gas interests in Africa. It is an exploration stage enterprise that participates in oil and gas projects located in emerging markets, in sub-Saharan Africa. The company operates in the business segment of international oil and gas exploration, and geographically, it operates in Kenya and Ethiopia.
Executives
Stampede Natural Resources S.a.r.l. 10% Security Holder
Roger Morris Tucker Director, Senior Officer
Paul Martinez Senior Officer
Oliver Quinn Senior Officer
Craig Knight Senior Officer
Tjerk Bosje Director

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