What is Paramount Gold Nevada 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 (2024-04-29), Paramount Gold Nevada's 12-1 Month Momentum % is 16.67%.
The industry rank for Paramount Gold Nevada's 12-1 Month Momentum % or its related term are showing as below:
PZG's 12-1 Month Momentum % is ranked better than 84.31% of 2601
companies
in the Metals & Mining industry
Industry Median: -32.88
vs PZG: 16.67
Competitive Comparison of Paramount Gold Nevada's 12-1 Month Momentum %
For the Gold subindustry, Paramount Gold Nevada'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.
Paramount Gold Nevada's 12-1 Month Momentum % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Paramount Gold Nevada's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Paramount Gold Nevada'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.
Paramount Gold Nevada 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Paramount Gold Nevada's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Paramount Gold Nevada (Paramount Gold Nevada) Business Description
Paramount Gold Nevada Corp is an exploration-stage mining company. Together with its subsidiaries, it is engaged in the business of acquiring, exploring, and developing precious metal projects in the United States. Also, it explores for gold and silver. It enhances the value of projects by implementing exploration and engineering programs that are likely to expand and upgrade known mineralized material to reserves. Paramount tries to realize the value of its projects by selling its projects to producers; joint venturing its projects with other companies; or building and operating small mines on its own. Its projects include sleeper gold, grassy mountain gold, frost project; other non-material, and mineral resources.
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