New Hope (New Hope) 12-1 Month Momentum %

: -16.67% (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), New Hope's 12-1 Month Momentum % is -16.67%.

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

NHPEF's 12-1 Month Momentum % is ranked worse than
65.38% of 182 companies
in the Other Energy Sources industry
Industry Median: 0.25 vs NHPEF: -16.67

Competitive Comparison

For the Thermal Coal subindustry, New Hope'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.

New Hope 12-1 Month Momentum % Distribution

For the Other Energy Sources industry and Energy sector, New Hope's 12-1 Month Momentum % distribution charts can be found below:

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

New Hope (OTCPK:NHPEF) 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.

New Hope (OTCPK:NHPEF) 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.

New Hope 12-1 Month Momentum % Related Terms

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New Hope (New Hope) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » New Hope Corp Ltd (OTCPK:NHPEF) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

OD8:Germany NHC:Australia

Address

175 Eagle Street, Level 16, Brisbane, QLD, AUS, 4000

Website

https://www.newhopegroup.com.au

New Hope Corporation is an Australian thermal coal miner. It has two operating mines: the 100%-owned New Acland coal mine in Queensland and its 80%-owned Bengalla coal mine in New South Wales. The company should produce around 13 million metric tons of equity salable thermal coal annually from fiscal 2027, up from around 8 million in fiscal 2023, driven by the construction and ramp up of New Acland Stage 3. The vast majority of New Hope's production is sold into seaborne thermal coal export markets. Reserves at New Acland and Bengalla are sufficient to support multidecade mine lives. New Hope also has significant undeveloped coal resources in Queensland, as well as a 15% holding in the Malabar-Maxwell metallurgical coal mine, which began production in 2023.

New Hope (New Hope) Headlines

From GuruFocus

New Hope Corp Ltd's Dividend Analysis

By GuruFocus Research • 10-23-2023