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TYGPRB.PFD (Tortoise Energy Infrastructure) 12-1 Month Momentum % : 0.20% (As of Dec. 12, 2024)


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What is Tortoise Energy Infrastructure 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), Tortoise Energy Infrastructure's 12-1 Month Momentum % is 0.20%.

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

TYGPRB.PFD's 12-1 Month Momentum % is ranked better than
91.37% of 1727 companies
in the Asset Management industry
Industry Median: 7.63 vs TYGPRB.PFD: 0.20

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

For the Asset Management subindustry, Tortoise Energy Infrastructure'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.


Tortoise Energy Infrastructure's 12-1 Month Momentum % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tortoise Energy Infrastructure's 12-1 Month Momentum % distribution charts can be found below:

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



Tortoise Energy Infrastructure  (NYSE:TYGPRB.PFD) 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.


Tortoise Energy Infrastructure  (NYSE:TYGPRB.PFD) 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.


Tortoise Energy Infrastructure 12-1 Month Momentum % Related Terms

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Tortoise Energy Infrastructure Business Description

Traded in Other Exchanges
Address
6363 College Boulevard, Suite 100A, Overland Park, KS, USA, 66211
Tortoise Energy Infrastructure Corp seeks to provide a high level of current income to stockholders. It invests in fixed-income and dividend-paying equity securities of power and energy infrastructure companies that provide stable and defensive characteristics throughout economic cycles.