Torex Gold Resources (TSX:TXG) 12-1 Month Momentum %

: -18.44% (As of Today)

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12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-24), Torex Gold Resources's 12-1 Month Momentum % is -18.44%.

The industry rank for Torex Gold Resources's 12-1 Month Momentum % or its related term are showing as below:

TSX:TXG's 12-1 Month Momentum % is ranked better than
64.56% of 2599 companies
in the Metals & Mining industry
Industry Median: -33.33 vs TSX:TXG: -18.44

Competitive Comparison

For the Gold subindustry, Torex Gold Resources's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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.

Torex Gold Resources 12-1 Month Momentum % Distribution

For the Metals & Mining industry and Basic Materials sector, Torex Gold Resources's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Torex Gold Resources's 12-1 Month Momentum % falls into.

Torex Gold Resources (TSX:TXG) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %

( Price 1-month ago

Price 12-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.

Torex Gold Resources (TSX:TXG) 12-1 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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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.

Torex Gold Resources 12-1 Month Momentum % Related Terms

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Torex Gold Resources (TSX:TXG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Torex Gold Resources Inc (TSX:TXG) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

TORXF:USA 73GN:Germany

Address

Exchange Tower, 130 King Street West, Suite 740, Toronto, ON, CAN, M5X 2A2

Website

https://www.torexgold.com

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala. Within this property, the company has two assets: the El Limon-Guajes Mine, an open pit gold deposit located north of the Balsas river, and the Media Luna Project.