GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tanami Gold NL (STU:TQM) » Definitions » 12-1 Month Momentum %

Tanami Gold NL (STU:TQM) 12-1 Month Momentum % : 33.33% (As of Nov. 13, 2024)


View and export this data going back to 2016. Start your Free Trial

What is Tanami Gold NL 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 (2024-11-13), Tanami Gold NL's 12-1 Month Momentum % is 33.33%.

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

STU:TQM's 12-1 Month Momentum % is ranked better than
50.63% of 2558 companies
in the Metals & Mining industry
Industry Median: -12.28 vs STU:TQM: 33.33

Competitive Comparison of Tanami Gold NL's 12-1 Month Momentum %

For the Gold subindustry, Tanami Gold NL'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.


Tanami Gold NL's 12-1 Month Momentum % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Tanami Gold NL's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Tanami Gold NL's 12-1 Month Momentum % falls into.



Tanami Gold NL  (STU:TQM) 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.


Tanami Gold NL  (STU:TQM) 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.


Tanami Gold NL 12-1 Month Momentum % Related Terms

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


Tanami Gold NL Business Description

Traded in Other Exchanges
Address
39 Mends Street, Unit 202, Level 2, Echelon, South Perth, Perth, WA, AUS, 6151
Tanami Gold NL is a mineral exploration company that is engaged in gold mining operations. Its principal activity is to develop its Central Tanami Project in the Tanami Desert in the Northern Territory.

Tanami Gold NL Headlines

No Headlines