12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-27), Genesis Energy LP's 12-1 Month Momentum % is -0.18%.
The industry rank for Genesis Energy LP's 12-1 Month Momentum % or its related term are showing as below:
GEL's 12-1 Month Momentum % is ranked better than 50.28% of 1088
companies
in the Oil & Gas industry
Industry Median: -0.58
vs GEL: -0.18
Competitive Comparison of Genesis Energy LP's 12-1 Month Momentum %
For the Oil & Gas Midstream subindustry, Genesis Energy LP'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.
Genesis Energy LP's 12-1 Month Momentum % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Genesis Energy LP's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Genesis Energy LP's 12-1 Month Momentum % falls into.
Genesis Energy LP (NYSE:GEL) 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.
Genesis Energy LP (NYSE:GEL) 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.
Genesis Energy LP 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Genesis Energy LP's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Genesis Energy LP (Genesis Energy LP) Business Description
Genesis Energy LP is an us-based limited partnership that focuses on the midstream segment of the crude oil and natural gas industry. It engages in providing services to crude oil and natural gas producers, and industrial and commercial enterprises. The company's reportable segments are offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation, and marine transportation. It generates maximum revenue from the offshore pipeline transportation segment. The Sodium minerals and sulfur services segment includes trona and trona-based exploring, mining, processing, producing, marketing, and selling activities, as well as processing high sulfur gas streams for refineries to remove the sulfur, and selling the related by-product.
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