12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-26), The Goldfield's 12-1 Month Momentum % is 92.01%.
The industry rank for The Goldfield's 12-1 Month Momentum % or its related term are showing as below:
GV's 12-1 Month Momentum % is not ranked
in the Construction industry.
Industry Median: 6.895
vs GV: 92.01
Competitive Comparison of The Goldfield's 12-1 Month Momentum %
For the Engineering & Construction subindustry, The Goldfield'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.
The Goldfield's 12-1 Month Momentum % Distribution in the Construction Industry
For the Construction industry and Industrials sector, The Goldfield's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where The Goldfield's 12-1 Month Momentum % falls into.
The Goldfield (AMEX:GV) 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.
The Goldfield (AMEX:GV) 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.
The Goldfield 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of The Goldfield's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
The Goldfield (The Goldfield) Business Description
The Goldfield Corp operates in the energy infrastructure industry. It is primarily engaged in the construction of electrical infrastructure for the utility industry and industrial customers. The company specializes in installing and maintaining electrical transmission lines for a wide range of electric utilities. It is also a real estate developer of residential properties on the east coast of Florida. The principal market for its electrical construction operation is primarily in the Southeast and mid-Atlantic regions of the United States and Texas. The company operates in the segments of Electrical construction and Real estate development, of which a majority of the revenue is derived from the Electrical construction segment.
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