Solaris Resources (TSX:SLS) 6-1 Month Momentum %

: -27.18% (As of Today)

View and export this data going back to 2020. Start your Free Trial

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-19), Solaris Resources's 6-1 Month Momentum % is -27.18%.

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

TSX:SLS's 6-1 Month Momentum % is ranked worse than
68.16% of 2547 companies
in the Metals & Mining industry
Industry Median: -10.61 vs TSX:SLS: -27.18

Competitive Comparison

For the Other Precious Metals & Mining subindustry, Solaris 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.

Solaris Resources 6-1 Month Momentum % Distribution

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

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

Solaris Resources (TSX:SLS) 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.

Solaris Resources (TSX:SLS) 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.

Solaris Resources 6-1 Month Momentum % Related Terms

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

Solaris Resources (TSX:SLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Solaris Resources Inc (TSX:SLS) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

SLSSF:USA

Address

999 Canada Place, Suite 555, Vancouver, BC, CAN, V6C 3E1

Website

https://www.solarisresources.com

Solaris Resources Inc is advancing a portfolio of copper and gold assets in the Americas, which includes a high-grade resource with expansion and additional discovery potential at the Warintza copper and gold project in Ecuador; discovery potential on the grass-roots Tamarugo project in Chile and Capricho and Paco Orco projects in Peru; exposure to $130M spending 5-yrs through a farm-out agreement with Freeport-McMoRan on the Ricardo Project in Chile; and leverage to increasing copper prices through the 60% interest in the development-stage La Verde joint-venture project with Teck Resources in Mexico.