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Hibiscus Petroleum Bhd (XKLS:5199) 12-1 Month Momentum % : 5.73% (As of May. 04, 2024)


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What is Hibiscus Petroleum Bhd 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 (2024-05-04), Hibiscus Petroleum Bhd's 12-1 Month Momentum % is 5.73%.

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

XKLS:5199's 12-1 Month Momentum % is ranked better than
50.14% of 1097 companies
in the Oil & Gas industry
Industry Median: 5.58 vs XKLS:5199: 5.73

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

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


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

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

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



Hibiscus Petroleum Bhd  (XKLS:5199) 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.


Hibiscus Petroleum Bhd  (XKLS:5199) 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.


Hibiscus Petroleum Bhd 12-1 Month Momentum % Related Terms

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Hibiscus Petroleum Bhd (XKLS:5199) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Kapas, 2nd Floor, Syed Kechik Foundation Building, Bangsar, Kuala Lumpur, SGR, MYS, 59100
Hibiscus Petroleum Bhd along with its subsidiaries is engaged in the exploration and development of oil and gas. It is focused on producing oilfields in the United Kingdom, Malaysia and Australia. Its business segment includes the North Sabah segment which manages operations relating to the production of petroleum; Anasuria Hibiscus segment is a key revenue driver, which is focused on producing fields and associated infrastructure; 3D Oil, VIC/L31 and VIC/P57 segment engaged in exploration prospects in Australia within exploration permit VIC/P57, and investment in 3D Oil; and Investment holding and group activities segment consists of investment in companies owning or operating oil and gas concessions, and provision of project management, technical and other services.

Hibiscus Petroleum Bhd (XKLS:5199) Headlines

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