GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Acme Gold Co Ltd (XCNQ:AGE) » Definitions » 6-1 Month Momentum %

Acme Gold Co (XCNQ:AGE) 6-1 Month Momentum % : -83.33% (As of Dec. 15, 2024)


View and export this data going back to 2022. Start your Free Trial

What is Acme Gold Co 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), Acme Gold Co's 6-1 Month Momentum % is -83.33%.

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

XCNQ:AGE's 6-1 Month Momentum % is ranked worse than
99.61% of 2538 companies
in the Metals & Mining industry
Industry Median: -11.395 vs XCNQ:AGE: -83.33

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

For the Other Precious Metals & Mining subindustry, Acme Gold Co'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.


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

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

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



Acme Gold Co  (XCNQ:AGE) 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.


Acme Gold Co  (XCNQ:AGE) 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.


Acme Gold Co 6-1 Month Momentum % Related Terms

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


Acme Gold Co Business Description

Traded in Other Exchanges
N/A
Address
992 East 13th Avenue, Vancouver, BC, CAN, V5T 2L6
Website
Acme Gold Co Ltd is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Lemon Lake Property.