Mesabi Trust (Mesabi Trust) 6-1 Month Momentum %

: -19.96% (As of Today)

View and export this data going back to 1961. Start your Free Trial

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-18), Mesabi Trust's 6-1 Month Momentum % is -19.96%.

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

MSB's 6-1 Month Momentum % is ranked worse than
88.13% of 640 companies
in the Steel industry
Industry Median: 0.63 vs MSB: -19.96

Competitive Comparison

For the Steel subindustry, Mesabi Trust'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.

Mesabi Trust 6-1 Month Momentum % Distribution

For the Steel industry and Basic Materials sector, Mesabi Trust's 6-1 Month Momentum % distribution charts can be found below:

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

Mesabi Trust (NYSE:MSB) 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.

Mesabi Trust (NYSE:MSB) 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.

Mesabi Trust 6-1 Month Momentum % Related Terms

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

Mesabi Trust (Mesabi Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mesabi Trust (NYSE:MSB) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Deutsche Bank Trust Company Americas Trust & Agency Services, 1 Columbus Circle, 17th Floor, New York, NY, USA, 10019

Website

http://www.mesabi-trust.com

Mesabi Trust operates as a royalty trust in the United States. The company involves in the conservation and protection of the assets held. Its principally wholly-owned segment is iron ore mining segment and it generates income from the Peter Mitchell Mine, an iron mine located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. The principal assets of the firm consist of two different interests in certain properties in the Mesabi Iron Range and beneficial interest in the Mesabi Land Trust.

Executives

Robin M. Radke	other: Trustee of Mesabi Trust	C/O DEUTSCHE BANK TRUST COMPANY AMERICAS, 60 WALL STREET, 16TH FLOOR, NEW YORK NY 10005
Michael P Mlinar	other: Trustee of Mesabi Trust	444 WEST ANOKA STREET, DULUTH MN 55803
Robert C. Berglund	other: Trustee	P.O. BOX 351, CORONA NM 88318
James A Ehrenberg	other: Trustee	295 KOPP DRIVE, WEST ST. PAUL MN 55118