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Babylon Pump & Power (ASX:BPP) 12-1 Month Momentum %

: 8.33% (As of Today)
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12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-24), Babylon Pump & Power's 12-1 Month Momentum % is 8.33%.

The industry rank for Babylon Pump & Power's 12-1 Month Momentum % or its related term are showing as below:

ASX:BPP's 12-1 Month Momentum % is ranked better than
56.82% of 1063 companies
in the Business Services industry
Industry Median: 2 vs ASX:BPP: 8.33

Competitive Comparison

For the Rental & Leasing Services subindustry, Babylon Pump & Power'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.


Babylon Pump & Power 12-1 Month Momentum % Distribution

For the Business Services industry and Industrials sector, Babylon Pump & Power's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Babylon Pump & Power's 12-1 Month Momentum % falls into.



Babylon Pump & Power  (ASX:BPP) 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.


Babylon Pump & Power  (ASX:BPP) 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.


Babylon Pump & Power 12-1 Month Momentum % Related Terms

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Babylon Pump & Power (ASX:BPP) Business Description

Traded in Other Exchanges
N/A
Address
1 Port Place, High Wycombe, Perth, WA, AUS, 6057
Babylon Pump & Power Ltd is an Australia-based provider of rental equipment. Babylon considers its two business units as its reporting segments. The Maintenance segment focuses on rebuild and maintenance services for large diesel driven equipment including field service work and high-pressure water blasting and ancillary services to the resources sector. The Rental segment provides rental services of specialty diesel driven pumping and power generation equipment. Geographically, it operates only in Australia.

Babylon Pump & Power (ASX:BPP) Headlines

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