Margaret Lake Diamonds (TSXV:DIA) 12-1 Month Momentum %

: -20.00% (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 (2024-04-23), Margaret Lake Diamonds's 12-1 Month Momentum % is -20.00%.

The industry rank for Margaret Lake Diamonds's 12-1 Month Momentum % or its related term are showing as below:

TSXV:DIA's 12-1 Month Momentum % is not ranked
in the Metals & Mining industry.
Industry Median: -33.33 vs TSXV:DIA: -20.00

Competitive Comparison

For the Other Precious Metals & Mining subindustry, Margaret Lake Diamonds'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.

Margaret Lake Diamonds 12-1 Month Momentum % Distribution

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

* The bar in red indicates where Margaret Lake Diamonds's 12-1 Month Momentum % falls into.

Margaret Lake Diamonds (TSXV:DIA) 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.

Margaret Lake Diamonds (TSXV:DIA) 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.

Margaret Lake Diamonds 12-1 Month Momentum % Related Terms

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Margaret Lake Diamonds (TSXV:DIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Margaret Lake Diamonds Inc (TSXV:DIA) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

550 Burrard Street, Suite 1008, Vancouver, BC, CAN, V6C 2B5

Website

https://www.margaretlakediamonds.com

Margaret Lake Diamonds Inc is focused on the exploration of mineral properties that includes diamond. The company projects include Diagras Property, Morrison Property, and Cobalt Projects.