The Canadian Chrome Co (XCNQ:CACR.A) 6-1 Month Momentum %

: -40.91% (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 (2024-04-24), The Canadian Chrome Co's 6-1 Month Momentum % is -40.91%.

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

XCNQ:CACR.A's 6-1 Month Momentum % is ranked worse than
61.98% of 2533 companies
in the Metals & Mining industry
Industry Median: -8.85 vs XCNQ:CACR.A: -40.91

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, The Canadian Chrome Co'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.

The Canadian Chrome Co 6-1 Month Momentum % Distribution

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

* The bar in red indicates where The Canadian Chrome Co's 6-1 Month Momentum % falls into.

The Canadian Chrome Co (XCNQ:CACR.A) 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.

The Canadian Chrome Co (XCNQ:CACR.A) 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.

The Canadian Chrome Co 6-1 Month Momentum % Related Terms

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The Canadian Chrome Co (XCNQ:CACR.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » The Canadian Chrome Co (XCNQ:CACR.A) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

KWGBF:USA

Address

141 Adelaide Street West, Suite 240, Toronto, ON, CAN, M5H 3L5

Website

https://www.kwgresources.com

KWG Resources Inc is a Canada-based mineral exploration company. It is engaged in the exploration and evaluation of base and precious metals and in the development of a transportation link to access the areas where these are located. It also has interests in technology relating to the production of chromium iron alloys. The company is focused on the development of chromite deposits in the James Bay Lowlands of Northern Ontario, Canada. Its properties include Black Horse, Koper Lake, and McFaulds Lake. The Company's operations comprise a single reporting operating segment engaged in mineral exploration in Canada.

The Canadian Chrome Co (XCNQ:CACR.A) Headlines

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