Spartan Energy (TSX:SPE) 12-1 Month Momentum % : N/A% (As of May. 06, 2024)

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What is Spartan Energy 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 (2024-05-06), Spartan Energy's 12-1 Month Momentum % is N/A%.

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

TSX:SPE's 12-1 Month Momentum % is not ranked ^*
in the Oil & Gas industry.
Industry Median: 5.16
* Ranked among companies with meaningful 12-1 Month Momentum % only.

Competitive Comparison of Spartan Energy's 12-1 Month Momentum %

For the Oil & Gas E&P subindustry, Spartan Energy'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.

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

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

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

Spartan Energy (TSX:SPE) 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.

Spartan Energy (TSX:SPE) 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.

Spartan Energy 12-1 Month Momentum % Related Terms

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Spartan Energy (TSX:SPE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Spartan Energy Corp (TSX:SPE) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.spartanenergy.ca

Spartan Energy Corp is an oil and gas exploration and production company that serves the medical and biotechnology, military and aerospace, and industrial and commercial markets. The company has two business segments: manufacturing and design service, and engineered components and products. The manufacturing and design services segment provides manufacturing, aftermarket repair, and refurbishment, in addition to the development of embedded software and quality assurance services. The engineered components and products segment designs, develops, and produces proprietary products. The company generates the majority of its revenue from customers within the United States.