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JNDAF (Jindalee Lithium) 6-1 Month Momentum % : -48.80% (As of Dec. 11, 2024)


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What is Jindalee Lithium 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 (2024-12-11), Jindalee Lithium's 6-1 Month Momentum % is -48.80%.

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

JNDAF's 6-1 Month Momentum % is ranked worse than
85.44% of 2548 companies
in the Metals & Mining industry
Industry Median: -11.11 vs JNDAF: -48.80

Competitive Comparison of Jindalee Lithium's 6-1 Month Momentum %

For the Other Industrial Metals & Mining subindustry, Jindalee Lithium'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.


Jindalee Lithium's 6-1 Month Momentum % Distribution in the Metals & Mining Industry

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

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



Jindalee Lithium  (OTCPK:JNDAF) 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.


Jindalee Lithium  (OTCPK:JNDAF) 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.


Jindalee Lithium 6-1 Month Momentum % Related Terms

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Jindalee Lithium Business Description

Traded in Other Exchanges
Address
9 Havelock Street, Level 2, West Perth, Perth, WA, AUS, 6005
Jindalee Lithium Ltd is engaged in the exploration and development of Lithium properties in Australia. It holds interests in various tenements located in Tasmania and Western Australia, including gold, diamonds, nickel, iron ore, copper, magnesite, uranium, and other base metals, as well as rare earth minerals. The project holdings of the company include U.S. Lithium, McDermitt Lithium Project which is the lithium deposit contained by lithium in the United States, and The Clayton North project. It has one operating segment being mineral exploration in the United States.