Minco Capital (TSXV:MMM) 6-1 Month Momentum % : -28.57% (As of Apr. 29, 2024)

View and export this data going back to 1997. Start your Free Trial

What is Minco Capital 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 (2024-04-29), Minco Capital's 6-1 Month Momentum % is -28.57%.

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

TSXV:MMM's 6-1 Month Momentum % is ranked worse than
95.24% of 1742 companies
in the Asset Management industry
Industry Median: 11.415 vs TSXV:MMM: -28.57

Competitive Comparison of Minco Capital's 6-1 Month Momentum %

For the Asset Management subindustry, Minco Capital'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.

Minco Capital's 6-1 Month Momentum % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Minco Capital's 6-1 Month Momentum % distribution charts can be found below:

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

Minco Capital (TSXV:MMM) 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.

Minco Capital (TSXV:MMM) 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.

Minco Capital 6-1 Month Momentum % Related Terms

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

Minco Capital (TSXV:MMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Minco Capital Corp (TSXV:MMM) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

MGHCF:USA MI5:Germany

Address

No. 2060 - 1055 West Georgia Street, PO Box 11176, Vancouver, BC, CAN, V6E 3R5

Website

http://www.mincocapitalcorp.com

Minco Capital Corp is a Canadian company that is focused on utilizing its working capital position, industry contacts and internal expertise to identify, evaluate and invest in assets that have the capacity to generate returns and growth. The company invests in publicly traded and privately held corporations as well as taking indirect and direct ownership stakes in resource projects. Its types of investments may include common shares, preferred shares, warrants, royalties, convertible debentures, bridge loans, and other investment vehicles. It has one segment which is the acquisition and sale of investments in other companies.