African Rainbow Minerals (African Rainbow Minerals) 12-1 Month Momentum %

: -26.98% (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), African Rainbow Minerals's 12-1 Month Momentum % is -26.98%.

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

AFBOF's 12-1 Month Momentum % is ranked better than
52.31% of 2594 companies
in the Metals & Mining industry
Industry Median: -33.33 vs AFBOF: -26.98

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, African Rainbow Minerals'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.

African Rainbow Minerals 12-1 Month Momentum % Distribution

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

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

African Rainbow Minerals (OTCPK:AFBOF) 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.

African Rainbow Minerals (OTCPK:AFBOF) 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.

African Rainbow Minerals 12-1 Month Momentum % Related Terms

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African Rainbow Minerals (African Rainbow Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » African Rainbow Minerals Ltd (OTCPK:AFBOF) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

ARI:South Africa EB9:Germany

Address

29 Impala Road, ARM House, Chislehurston, Sandton, GT, ZAF, 2196

Website

https://www.arm.co.za

African Rainbow Minerals Ltd is a South African diversified mining and minerals company. The group has various operating divisions: platinum, ferrous, coal, copper, and corporate. In addition, African Rainbow Minerals has an investment in gold through its shareholding in Harmony. Ferrous is the group's largest division, contributing roughly half of group revenue, closely trailed by the platinum division. The platinum division includes the Two Rivers Platinum Mine as a 51% subsidiary and an interest in the Modikwa Platinum Mine. The ferrous division comprises Assmang as a 50% joint venture, which includes iron ore, manganese, and chrome operations.

African Rainbow Minerals (African Rainbow Minerals) Headlines

From GuruFocus

Unraveling African Rainbow Minerals Ltd's (AFBOF) Dividend Performance and Sustainability

By GuruFocus Research • 10-04-2023