GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fury Gold Mines Ltd (AMEX:FURY) » Definitions » 6-1 Month Momentum %

Fury Gold Mines (Fury Gold Mines) 6-1 Month Momentum % : 62.64% (As of May. 12, 2024)


View and export this data going back to 2011. Start your Free Trial

What is Fury Gold Mines 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-12), Fury Gold Mines's 6-1 Month Momentum % is 62.64%.

The industry rank for Fury Gold Mines's 6-1 Month Momentum % or its related term are showing as below:

FURY's 6-1 Month Momentum % is ranked better than
86.07% of 2555 companies
in the Metals & Mining industry
Industry Median: 2.74 vs FURY: 62.64

Competitive Comparison of Fury Gold Mines's 6-1 Month Momentum %

For the Other Industrial Metals & Mining subindustry, Fury Gold Mines's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 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.


Fury Gold Mines's 6-1 Month Momentum % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Fury Gold Mines's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Fury Gold Mines's 6-1 Month Momentum % falls into.



Fury Gold Mines  (AMEX:FURY) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %=( Price 1-month ago / Price 6-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.


Fury Gold Mines  (AMEX:FURY) 6-1 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 6-1 Month Momentum % measures the total return to a stock over the past six 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.


Fury Gold Mines 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Fury Gold Mines's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Fury Gold Mines (Fury Gold Mines) Business Description

Traded in Other Exchanges
Address
1630-1177 West Hastings Street, Vancouver, BC, CAN, V6E 2K3
Fury Gold Mines Ltd is a Canadian-focused exploration and development company strategically positioned in three prolific mining regions: James Bay, Quebec; the Golden Triangle, British Columbia; and the Kitikmeot Region Nunavut. Its projects include Eau Claire, Homestake Ridge, Committee Bay, Eleonore South JV, and Gibson MacQuoid.

Fury Gold Mines (Fury Gold Mines) Headlines