Encavis AG (WBO:CAP) 12-1 Month Momentum %

: 7.13% (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 (2024-04-16), Encavis AG's 12-1 Month Momentum % is 7.13%.

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

WBO:CAP's 12-1 Month Momentum % is ranked better than
61.57% of 510 companies
in the Utilities - Independent Power Producers industry
Industry Median: -4.09 vs WBO:CAP: 7.13

Competitive Comparison

For the Utilities - Renewable subindustry, Encavis AG'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.

Encavis AG 12-1 Month Momentum % Distribution

For the Utilities - Independent Power Producers industry and Utilities sector, Encavis AG's 12-1 Month Momentum % distribution charts can be found below:

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

Encavis AG (WBO:CAP) 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.

Encavis AG (WBO:CAP) 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.

Encavis AG 12-1 Month Momentum % Related Terms

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Encavis AG (WBO:CAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Encavis AG (WBO:CAP) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

0NBT:UK ECV:Germany

Address

Grosse Elbstrasse 59, Hamburg, DEU, 22767

Website

https://www.encavis.com

Encavis AG is an independent solar park operator. Principally, it is engaged in the business of acquisition and operation of solar parks and onshore wind parks. Its operating segments are Photovoltaic Parks, Photovoltaic Service, Wind Parks, Asset Management, and Administration, of which the majority of its revenue comes from the Photovoltaic Parks segment. The Photovoltaic Parks segment comprised more than 169 solar parks with a total generation capacity of more than 1.3 GW, with parks located in different countries. Its geographical segments are Denmark, Germany, France, United Kingdom, Ireland, Finland, Italy, Netherlands, Austria, France, Sweden, and Spain.