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Cyclone Metals (ASX:CLE) 12-1 Month Momentum % : -5.00% (As of Dec. 14, 2024)


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What is Cyclone Metals 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 (2024-12-14), Cyclone Metals's 12-1 Month Momentum % is -5.00%.

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

ASX:CLE's 12-1 Month Momentum % is ranked better than
57.41% of 2545 companies
in the Metals & Mining industry
Industry Median: -14.71 vs ASX:CLE: -5.00

Competitive Comparison of Cyclone Metals's 12-1 Month Momentum %

For the Other Industrial Metals & Mining subindustry, Cyclone Metals'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.


Cyclone Metals's 12-1 Month Momentum % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Cyclone Metals's 12-1 Month Momentum % falls into.



Cyclone Metals  (ASX:CLE) 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.


Cyclone Metals  (ASX:CLE) 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.


Cyclone Metals 12-1 Month Momentum % Related Terms

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Cyclone Metals Business Description

Traded in Other Exchanges
Address
32 Harrogate Street, West Leederville, Perth, WA, AUS, 6007
Cyclone Metals Ltd is an Australian-based exploration and development company. It is focused on developing its flagship iron ore project, Iron Bear located in the Labrador Trough in Canada. The company also has interests in several exploration and mining projects and companies, providing exposure to lithium, iron ore, copper, and gold, assets globally. Along with its flagship project, the company's project portfolio includes the Nickol River Gold Project, the Wee MacGregor Project, the Kukuna Iron Ore Project, and others. Geographically, the company operates in Australia which accounts for a majority of its revenue, West Africa, Canada, and New Zealand.

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