McEwen Mining (WBO:MUX) 6-1 Month Momentum % : 14.79% (As of Apr. 24, 2024)

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What is McEwen Mining 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 (2024-04-24), McEwen Mining's 6-1 Month Momentum % is 14.79%.

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

WBO:MUX's 6-1 Month Momentum % is ranked better than
73.71% of 2533 companies
in the Metals & Mining industry
Industry Median: -8.85 vs WBO:MUX: 14.79

Competitive Comparison of McEwen Mining's 6-1 Month Momentum %

For the Other Precious Metals & Mining subindustry, McEwen Mining'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.

McEwen Mining's 6-1 Month Momentum % Distribution in the Metals & Mining Industry

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

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

McEwen Mining (WBO:MUX) 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.

McEwen Mining (WBO:MUX) 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.

McEwen Mining 6-1 Month Momentum % Related Terms

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McEwen Mining (WBO:MUX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » McEwen Mining Inc (WBO:MUX) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

MUX:USA US8:Germany US8:Germany MUX:Canada

Address

150 King Street West, Suite 2800, Toronto, ON, CAN, M5H 1J9

Website

https://www.mcewenmining.com

McEwen Mining Inc is a mining and minerals production and exploration company focused on precious and base minerals in Argentina, Mexico, and the United States. The company's overall revenue is principally derived from the production of gold and silver. The company owns and operates the wholly-owned El Gallo 1 mine in Mexico, and has a minority shareholding in the company that operates the San Jose mine in Argentina. More than half the company's gold output is produced by the El Gallo 1 mine. The remaining gold production, and the majority of silver production, is produced by the San Jose mine. Geographically, the majority is from Canada.