Jericho Energy Ventures (Jericho Energy Ventures) 6-1 Month Momentum % : -15.74% (As of Apr. 28, 2024)

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What is Jericho Energy Ventures 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-28), Jericho Energy Ventures's 6-1 Month Momentum % is -15.74%.

The industry rank for Jericho Energy Ventures's 6-1 Month Momentum % or its related term are showing as below:

JROOF's 6-1 Month Momentum % is ranked worse than
75.98% of 1099 companies
in the Oil & Gas industry
Industry Median: 0.61 vs JROOF: -15.74

Competitive Comparison of Jericho Energy Ventures's 6-1 Month Momentum %

For the Oil & Gas E&P subindustry, Jericho Energy Ventures's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 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.

Jericho Energy Ventures's 6-1 Month Momentum % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Jericho Energy Ventures's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Jericho Energy Ventures's 6-1 Month Momentum % falls into.

Jericho Energy Ventures (OTCPK:JROOF) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-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.

Jericho Energy Ventures (OTCPK:JROOF) 6-1 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 6-1 Month Momentum % measures the total return to a stock over the past six 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.

Jericho Energy Ventures 6-1 Month Momentum % Related Terms

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Jericho Energy Ventures (Jericho Energy Ventures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jericho Energy Ventures Inc (OTCPK:JROOF) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

JLM:Germany JEV:Canada

Address

1055 West Georgia Street, Suite 2100, PO BOX 11110, STN Royal Centre, Vancouver, BC, CAN, V6E 3P3

Website

https://www.jerichoenergyventures.com

Jericho Energy Ventures Inc is a crude oil and natural gas company engaged in the exploration, development, and production of crude oil and natural gas. It also focuses on advancing the low-carbon energy transition with investments in hydrogen technologies, energy storage, carbon capture, and new energy systems. The company has two reportable operating businesses. One is focused on low carbon technologies and the other related to production of crude oil and natural gas.