12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-05-03), Ramaco Resources's 12-1 Month Momentum % is 116.53%.
The industry rank for Ramaco Resources's 12-1 Month Momentum % or its related term are showing as below:
METC's 12-1 Month Momentum % is ranked better than 90.95% of 641
companies
in the Steel industry
Industry Median: 2.62
vs METC: 116.53
Competitive Comparison of Ramaco Resources's 12-1 Month Momentum %
For the Coking Coal subindustry, Ramaco Resources'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.
Ramaco Resources's 12-1 Month Momentum % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Ramaco Resources's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Ramaco Resources's 12-1 Month Momentum % falls into.
* 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.
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.
Ramaco Resources 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Ramaco Resources's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ramaco Resources (Ramaco Resources) Business Description
Ramaco Resources Inc is a United States-based company engaged in operating and developing high-quality, low-cost metallurgical coal in southern West Virginia, southwestern Virginia and southwestern Pennsylvania. Its only revenue-generating product is metallurgical coal which is used to make metallurgical coke. This is used as an input in the blast furnace steel-making process. The company's customer base encompasses U.S.-based blast furnace steel mills and U.S.-based coke plants, as well as international metallurgical coal consumers. Ramaco's portfolio comprises of the Elk Creek, Berwind, RAM Mine, and Knox Creek projects.
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