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Arvind SmartSpaces (BOM:539301) 12-1 Month Momentum % : 115.06% (As of May. 12, 2024)


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What is Arvind SmartSpaces 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-05-12), Arvind SmartSpaces's 12-1 Month Momentum % is 115.06%.

The industry rank for Arvind SmartSpaces's 12-1 Month Momentum % or its related term are showing as below:

BOM:539301's 12-1 Month Momentum % is ranked better than
94.71% of 1891 companies
in the Real Estate industry
Industry Median: -2.73 vs BOM:539301: 115.06

Competitive Comparison of Arvind SmartSpaces's 12-1 Month Momentum %

For the Real Estate - Development subindustry, Arvind SmartSpaces's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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.


Arvind SmartSpaces's 12-1 Month Momentum % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Arvind SmartSpaces's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Arvind SmartSpaces's 12-1 Month Momentum % falls into.



Arvind SmartSpaces  (BOM:539301) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-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.


Arvind SmartSpaces  (BOM:539301) 12-1 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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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.


Arvind SmartSpaces 12-1 Month Momentum % Related Terms

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Arvind SmartSpaces (BOM:539301) Business Description

Traded in Other Exchanges
Address
Behind Citibank, Off C.G. Road, 24, Government Servant's Society, Near Municipal Market, Navrangpura, Ahmedabad, GJ, IND, 380 009
Arvind SmartSpaces Ltd is a real estate development company. The company is engaged in developing residential, commercial, and industrial projects. Geographically, it operates only in India. The company's projects in Ahmedabad include Alcove, Parishkaar, Citadel, Megatrade, Forreste, Uplands, and many more; the projects in Bengaluru, include Expansia, Sporcia, Oasis, Skylands, the Edge, and Belair; the projects in Pune include Elan. It generates revenue from the Sale of Commercial and residential units.

Arvind SmartSpaces (BOM:539301) Headlines

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