GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Argeo AS (OSL:ARGEO) » Definitions » 12-1 Month Momentum %

Argeo AS (OSL:ARGEO) 12-1 Month Momentum % : 153.89% (As of May. 15, 2024)


View and export this data going back to 2021. Start your Free Trial

What is Argeo AS 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-05-15), Argeo AS's 12-1 Month Momentum % is 153.89%.

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

OSL:ARGEO's 12-1 Month Momentum % is ranked better than
96.98% of 1094 companies
in the Oil & Gas industry
Industry Median: 5.26 vs OSL:ARGEO: 153.89

Competitive Comparison of Argeo AS's 12-1 Month Momentum %

For the Oil & Gas Equipment & Services subindustry, Argeo AS'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.


Argeo AS's 12-1 Month Momentum % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Argeo AS's 12-1 Month Momentum % distribution charts can be found below:

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



Argeo AS  (OSL:ARGEO) 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.


Argeo AS  (OSL:ARGEO) 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.


Argeo AS 12-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Argeo AS's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Argeo AS (OSL:ARGEO) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Nye Vakasvei 14, Hvalstad, Norge, NOR, 1395
Argeo AS offers the ocean surveying and inspection industry by utilizing autonomous surface and underwater robotics solutions. This company is equipped with individual sensors and digital imaging technology, these autonomous underwater vehicles increase efficiency and imaging quality, in addition, to contributing to substantially reducing CO2 emissions from operations. The company's digital models and digital twin solutions are based on geophysical, hydrographic, and geological methods from shallow water to the deepest oceans for market segments in Infrastructure, Offshore Wind, Oil & Gas, and Deep Sea Minerals.

Argeo AS (OSL:ARGEO) Headlines

No Headlines