GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Precipitate Gold Corp (TSXV:PRG) » Definitions » 6-1 Month Momentum %

Precipitate Gold (TSXV:PRG) 6-1 Month Momentum % : -7.69% (As of Dec. 14, 2024)


View and export this data going back to 2012. Start your Free Trial

What is Precipitate Gold 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), Precipitate Gold's 6-1 Month Momentum % is -7.69%.

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

TSXV:PRG's 6-1 Month Momentum % is ranked better than
69.14% of 2560 companies
in the Metals & Mining industry
Industry Median: -11.65 vs TSXV:PRG: -7.69

Competitive Comparison of Precipitate Gold's 6-1 Month Momentum %

For the Gold subindustry, Precipitate Gold'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.


Precipitate Gold's 6-1 Month Momentum % Distribution in the Metals & Mining Industry

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

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



Precipitate Gold  (TSXV:PRG) 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.


Precipitate Gold  (TSXV:PRG) 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.


Precipitate Gold 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Precipitate Gold's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Precipitate Gold Business Description

Traded in Other Exchanges
Address
628 Howe Street, Suite 580, Vancouver, BC, CAN, V6C 2T6
Precipitate Gold Corp is a Canadian resource company. Its principal activity is the acquisition and exploration of mineral properties in Canada, Mexico, and the Dominican Republic. The company's projects include Juan de Herrera & Escalibur Properties, Pueblo Grande & Ponton Properties, Motherlode Gold Project, and Ace Gold Project.
Executives
Vivien Wei-li Chuang Senior Officer
Adrian Wallace Fleming Director