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PILBF (Pilbara Minerals) 6-1 Month Momentum % : -6.91% (As of Dec. 15, 2024)


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What is Pilbara Minerals 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 (2024-12-15), Pilbara Minerals's 6-1 Month Momentum % is -6.91%.

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

PILBF's 6-1 Month Momentum % is ranked better than
56.82% of 2538 companies
in the Metals & Mining industry
Industry Median: -11.395 vs PILBF: -6.91

Competitive Comparison of Pilbara Minerals's 6-1 Month Momentum %

For the Other Industrial Metals & Mining subindustry, Pilbara Minerals'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.


Pilbara Minerals's 6-1 Month Momentum % Distribution in the Metals & Mining Industry

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

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



Pilbara Minerals  (OTCPK:PILBF) 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.


Pilbara Minerals  (OTCPK:PILBF) 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.


Pilbara Minerals 6-1 Month Momentum % Related Terms

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Pilbara Minerals Business Description

Traded in Other Exchanges
Address
146 Colin Street, Level 2, West Perth, Perth, WA, AUS, 6005
Pilbara Minerals Ltd is an industrial metals and materials company. The business is engaged in the exploration, development, and operation of the Pilgangoora Project. Pilbara Minerals has one business segment, Mining, that is engaged in mineral exploration, evaluation, and development of various mineral resources. The company generates the vast majority of its revenue in Australia. The company's primary property is the Pilgangoora Lithium-Tantalum Project in the Pilbara region of Western Australia.