GURUFOCUS.COM » STOCK LIST » USA » NYSE » Rio Tinto PLC (NYSE:RIO) » Definitions » 12-1 Month Momentum %
Switch to:

Rio Tinto 12-1 Month Momentum %

: -32.86% (As of Today)
View and export this data going back to 2002. Start your Free Trial

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2022-08-12), Rio Tinto's 12-1 Month Momentum % is -32.86%.

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

RIO's 12-1 Month Momentum % is ranked better than
61.34% of 2421 companies
in the Metals & Mining industry
Industry Median: -32.43 vs RIO: -32.86

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Rio Tinto'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.

   

Rio Tinto 12-1 Month Momentum % Distribution

For the Metals & Mining industry and Basic Materials sector, Rio Tinto's 12-1 Month Momentum % distribution charts can be found below:

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



Rio Tinto  (NYSE:RIO) 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.


Rio Tinto  (NYSE:RIO) 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.


Rio Tinto 12-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Rio Tinto's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Rio Tinto Business Description

Rio Tinto logo
Address
6 St James’s Square, London, GBR, SW1Y 4AD
Rio Tinto searches for and extracts a variety of minerals worldwide, with the heaviest concentrations in North America and Australia. Iron ore is the dominant commodity, with significantly lesser contributions from aluminium, copper, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity. Shareholders in each company have equivalent economic and voting rights.

Rio Tinto Headlines

Other Sources

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)