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Sabre Resources (ASX:SBR) 6-1 Month Momentum % : -35.29% (As of Dec. 14, 2024)


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What is Sabre 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 (2024-12-14), Sabre Resources's 6-1 Month Momentum % is -35.29%.

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

ASX:SBR's 6-1 Month Momentum % is ranked worse than
82.54% of 2560 companies
in the Metals & Mining industry
Industry Median: -11.65 vs ASX:SBR: -35.29

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

For the Other Industrial Metals & Mining subindustry, Sabre 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.


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

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

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



Sabre Resources  (ASX:SBR) 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.


Sabre Resources  (ASX:SBR) 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.


Sabre Resources 6-1 Month Momentum % Related Terms

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Sabre Resources Business Description

Traded in Other Exchanges
N/A
Address
Level 1, 8 Parliament Place, West Perth, Perth, WA, AUS, 6005
Sabre Resources Ltd explores for and develops mineral properties. It explores copper, zinc, vanadium, silver, and other semi-precious metals. The Company also focuses on its Sherlock Bay Nickel-Copper-Cobalt Project in the northwest Pilbara region of Western Australia, The firm is managed on the basis of its development and exploration of minerals in the geographical regions of Australia and Namibia and drives key revenue from Australia.