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EGO (Eldorado Gold) 6-1 Month Momentum % : 21.81% (As of Oct. 31, 2024)


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What is Eldorado Gold 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 (2024-10-31), Eldorado Gold's 6-1 Month Momentum % is 21.81%.

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

EGO's 6-1 Month Momentum % is ranked better than
78.83% of 2541 companies
in the Metals & Mining industry
Industry Median: -11.48 vs EGO: 21.81

Competitive Comparison of Eldorado Gold's 6-1 Month Momentum %

For the Gold subindustry, Eldorado Gold'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.


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

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

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



Eldorado Gold  (NYSE:EGO) 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.


Eldorado Gold  (NYSE:EGO) 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.


Eldorado Gold 6-1 Month Momentum % Related Terms

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Eldorado Gold Business Description

Traded in Other Exchanges
Address
550 Burrard Street, Suite 1188, Bentall 5, Vancouver, BC, CAN, V6C 2B5
Eldorado Gold Corp is a gold and base metals producer with mining, development, and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill, and Certej projects.

Eldorado Gold Headlines