Archer (OSL:ARCH) 12-1 Month Momentum %

: 1.90% (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 (2024-04-19), Archer's 12-1 Month Momentum % is 1.90%.

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

OSL:ARCH's 12-1 Month Momentum % is ranked better than
60.35% of 1092 companies
in the Oil & Gas industry
Industry Median: -3.725 vs OSL:ARCH: 1.90

Competitive Comparison

For the Oil & Gas Drilling subindustry, Archer'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.

Archer 12-1 Month Momentum % Distribution

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

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

Archer (OSL:ARCH) 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.

Archer (OSL:ARCH) 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.

Archer 12-1 Month Momentum % Related Terms

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Archer (OSL:ARCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Archer Ltd (OSL:ARCH) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

ARHVF:USA ARCHERo:Sweden

Address

Sandnesveien 358, Sandnes, NOR, 4312

Website

https://www.archerwell.com

Archer Ltd is an international oilfield service company providing various oilfield products and services through its area organizations. Its services include platform drilling, land drilling, directional drilling, underbalanced drilling, modular rigs, engineering services, equipment rentals, wireline services, pressure control, pressure pumping, production monitoring, well imaging and integrity management tools. The reporting segments of the company are Platform Operations, Well Services and Land Drilling. Majority of revenue is derived from Platform Operations segment. Platform Operations segment includes Platform Drilling, Modular rig, and Engineering services.