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i Power Solutions India (BOM:512405) 6-1 Month Momentum % : 15.54% (As of May. 12, 2024)


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What is i Power Solutions India 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 (2024-05-12), i Power Solutions India's 6-1 Month Momentum % is 15.54%.

The industry rank for i Power Solutions India's 6-1 Month Momentum % or its related term are showing as below:

BOM:512405's 6-1 Month Momentum % is ranked better than
66.83% of 2813 companies
in the Software industry
Industry Median: 2.69 vs BOM:512405: 15.54

Competitive Comparison of i Power Solutions India's 6-1 Month Momentum %

For the Software - Infrastructure subindustry, i Power Solutions India'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.


i Power Solutions India's 6-1 Month Momentum % Distribution in the Software Industry

For the Software industry and Technology sector, i Power Solutions India's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where i Power Solutions India's 6-1 Month Momentum % falls into.



i Power Solutions India  (BOM:512405) 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.


i Power Solutions India  (BOM:512405) 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.


i Power Solutions India 6-1 Month Momentum % Related Terms

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i Power Solutions India (BOM:512405) Business Description

Traded in Other Exchanges
N/A
Address
Vaigai Street, Besant Nagar, New No. 17, Old No. 7/4, Chennai, TN, IND, 600 090
i Power Solutions India Ltd is engaged in providing e-business and internet solutions in India. It offers software services like web business solutions, telecom, and networking, application development, infrastructure services, animation, and multimedia and technology strategy development. The company derives its revenues mainly from software services and projects as well as other allied services.

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