Philex Mining (PHS:PX) 6-1 Month Momentum % : 1.62% (As of May. 28, 2024)

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What is Philex 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 (2024-05-28), Philex Mining's 6-1 Month Momentum % is 1.62%.

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

PHS:PX's 6-1 Month Momentum % is ranked better than
52.1% of 2572 companies
in the Metals & Mining industry
Industry Median: -2.13 vs PHS:PX: 1.62

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

For the Other Industrial Metals & Mining subindustry, Philex 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.

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

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

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

Philex Mining (PHS:PX) 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.

Philex Mining (PHS:PX) 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.

Philex Mining 6-1 Month Momentum % Related Terms

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Philex Mining (PHS:PX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Philex Mining Corp (PHS:PX) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

PXMFF:USA

Address

Reliance Street Corner Sheridan Street, 2nd Floor, Launchpad, Metro Manila, Mandaluyong, PHL, 1550

Website

http://www.philexmining.com.ph

Philex Mining Corporation is a mining and energy company based in the Philippines. The company is organized across two main business groupings: the mining and metals business, and the energy and hydrocarbon business. The metals business mines copper concentrates to produce copper and by-products of gold and silver. The energy and hydrocarbon business has interests (operating and non-operating) in several oil and gas companies. The metals business's gold and copper output are largely produced by the Padcal Mine in Benguet, Philippines. Production from the Padcal Mine contributes the vast majority of the entire company's revenue.