12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-05-11), Ivanhoe Electric's 12-1 Month Momentum % is -13.31%.
The industry rank for Ivanhoe Electric's 12-1 Month Momentum % or its related term are showing as below:
IE's 12-1 Month Momentum % is ranked better than 61.18% of 2599
companies
in the Metals & Mining industry
Industry Median: -25.3
vs IE: -13.31
Competitive Comparison of Ivanhoe Electric's 12-1 Month Momentum %
For the Copper subindustry, Ivanhoe Electric'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.
Ivanhoe Electric's 12-1 Month Momentum % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Ivanhoe Electric's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Ivanhoe Electric's 12-1 Month Momentum % falls into.
Ivanhoe Electric (AMEX:IE) 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.
Ivanhoe Electric (AMEX:IE) 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.
Ivanhoe Electric 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Ivanhoe Electric's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ivanhoe Electric (Ivanhoe Electric) Business Description
Ivanhoe Electric Inc is a United States-based minerals exploration and development company with a focus on developing mines from mineral deposits located in the United States. The company has three reportable segments; Critical metals segment is focused on mineral project exploration and development with a focus on identifying and developing mineral projects, and ultimately mines, associated with the metals necessary for electrification, The data processing segment provides data analytics, geophysical modeling, and artificial intelligence services for the mineral, oil & gas and water exploration industries, and The energy storage segment develops, manufactures and installs vanadium flow batteries for grid-scale energy storage. It derives a majority of its revenue from Canada.
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