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Viking Mines (ASX:VKA) 6-1 Month Momentum % : 37.50% (As of Dec. 13, 2024)


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What is Viking 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 (2024-12-13), Viking Mines's 6-1 Month Momentum % is 37.50%.

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

ASX:VKA's 6-1 Month Momentum % is ranked better than
85.27% of 2560 companies
in the Metals & Mining industry
Industry Median: -11.65 vs ASX:VKA: 37.50

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

For the Gold subindustry, Viking 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.


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

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

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



Viking Mines  (ASX:VKA) 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.


Viking Mines  (ASX:VKA) 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.


Viking Mines 6-1 Month Momentum % Related Terms

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Viking Mines Business Description

Traded in Other Exchanges
Address
15-17 Old Aberdeen Place, West Perth, Perth, WA, AUS, 6005
Viking Mines Ltd is engaged in investing in mineral exploration projects. The projects includes : First Hit Project, Akoase Gold Project, Canegrass Battery Mineral Project. The group operates in Ghana and Western Australia.

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