12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2022-08-07), Energy Transfer LP's 12-1 Month Momentum % is 8.33%.
The industry rank for Energy Transfer LP's 12-1 Month Momentum % or its related term are showing as below:
ET's 12-1 Month Momentum % is ranked better than 51.92% of 1092
companies
in the Oil & Gas industry
Industry Median: 6.41
vs ET: 8.33
Competitive Comparison
For the Oil & Gas Midstream subindustry, Energy Transfer LP'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.
Energy Transfer LP 12-1 Month Momentum % Distribution
For the Oil & Gas industry and Energy sector, Energy Transfer LP's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Energy Transfer LP's 12-1 Month Momentum % falls into.
Energy Transfer LP (NYSE:ET) 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.
Energy Transfer LP (NYSE:ET) 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.
Energy Transfer LP 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Energy Transfer LP's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Energy Transfer owns a large platform of crude oil, natural gas, and natural gas liquid assets primarily in Texas and the U.S. midcontinent region. It also has gathering and processing facilities, one of the largest fractionation facilities in the U.S., and fuel distribution. Energy Transfer also owns the Lake Charles gas liquefaction facility. It combined its publicly traded limited and general partnerships in October 2018.
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