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Equatorial Resources (ASX:EQX) 6-1 Month Momentum %

: -23.68% (As of Today)
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6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2023-03-30), Equatorial Resources's 6-1 Month Momentum % is -23.68%.

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

ASX:EQX's 6-1 Month Momentum % is ranked worse than
88.21% of 619 companies
in the Steel industry
Industry Median: 7.14 vs ASX:EQX: -23.68

Competitive Comparison

For the Steel subindustry, Equatorial Resources'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.


Equatorial Resources 6-1 Month Momentum % Distribution

For the Steel industry and Basic Materials sector, Equatorial Resources's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Equatorial Resources's 6-1 Month Momentum % falls in comparison to its industry or sector. The grey bar indicates the 6-1 Month Momentum %'s extreme value range as defined by GuruFocus.

Equatorial Resources  (ASX:EQX) 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.

Equatorial Resources  (ASX:EQX) 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.

Equatorial Resources 6-1 Month Momentum % Related Terms

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Equatorial Resources (ASX:EQX) Business Description

Equatorial Resources logo
Traded in Other Exchanges
28 The Esplanade, Level 9, BGC Centre, Perth, WA, AUS, 6000
Equatorial Resources Ltd is an iron ore exploration and development company. The company's iron ore projects are located in the Republic of Congo (ROC). The company focuses on advancing its existing mineral resource assets in Africa, as well as searching for new opportunities in the resources sector. It operates the Badondo Iron Project located in the northwest region of the Republic of Congo. Central & West Africa hosts a regional distribution of undeveloped world-class high-grade iron ore deposits. It is comprised of the same rock type and similar geological formation as the Carajas System in South America.

Equatorial Resources (ASX:EQX) Headlines

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