Celsius Resources (LSE:CLA) 6-1 Month Momentum % : 4.17% (As of May. 27, 2024)

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What is Celsius Resources 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 (2024-05-27), Celsius Resources's 6-1 Month Momentum % is 4.17%.

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

LSE:CLA's 6-1 Month Momentum % is ranked worse than
63.22% of 2564 companies
in the Metals & Mining industry
Industry Median: -2.71 vs LSE:CLA: 4.17

Competitive Comparison of Celsius Resources's 6-1 Month Momentum %

For the Other Industrial Metals & Mining subindustry, Celsius Resources'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.

Celsius Resources's 6-1 Month Momentum % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Celsius Resources's 6-1 Month Momentum % falls into.

Celsius Resources (LSE:CLA) 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.

Celsius Resources (LSE:CLA) 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.

Celsius Resources 6-1 Month Momentum % Related Terms

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Celsius Resources (LSE:CLA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Celsius Resources Ltd (LSE:CLA) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

FX8:Germany CLA:Australia

Address

Level 5, 191, Saint Georges Terrace, Perth, WA, AUS, 6000

Website

https://www.celsiusresources.com

Celsius Resources Ltd is engaged in the exploration, extraction, and development of mineral properties in Australia. Its projects include Maalinao-Caigutan-Biyog Copper-Gold Project, Opuwo Cobalt-Copper Project, Cullarin West, and Yass Gold Projects, Carnilya Hill, and Abednegno Hill Nickel Project. It operates within three geographical segments being Exploration activities within Australia, Namibia, and Philippines. It generates the majority of the revenue from Exploration activities in Australia.