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Mont Royal Resources (ASX:MRZ) 6-1 Month Momentum % : -59.39% (As of May. 15, 2024)


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What is Mont Royal 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 (2024-05-15), Mont Royal Resources's 6-1 Month Momentum % is -59.39%.

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

ASX:MRZ's 6-1 Month Momentum % is ranked worse than
95.44% of 2564 companies
in the Metals & Mining industry
Industry Median: 4.625 vs ASX:MRZ: -59.39

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

For the Gold subindustry, Mont Royal 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.


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

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

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



Mont Royal Resources  (ASX:MRZ) 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.


Mont Royal Resources  (ASX:MRZ) 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.


Mont Royal Resources 6-1 Month Momentum % Related Terms

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Mont Royal Resources (ASX:MRZ) Business Description

Traded in Other Exchanges
N/A
Address
2 Bligh Street, Level 8, Sydney, NSW, AUS, 2000
Mont Royal Resources Ltd is an Australia-based mineral exploration company. It is involved in the acquisition, exploration and development of mineral resource projects. The company's project includes the Wapatik Gold-Copper Project in Quebec, Canada, and the Northern Lights Minerals Pty Ltd in the Upper Eastmain Greenstone Belt in Quebec, Canada.

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