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Mauritius Secondary Industries (XMAU:MSIL.I0000) 6-1 Month Momentum % : -2.70% (As of Oct. 31, 2024)


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What is Mauritius Secondary Industries 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), Mauritius Secondary Industries's 6-1 Month Momentum % is -2.70%.

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

XMAU:MSIL.I0000's 6-1 Month Momentum % is ranked worse than
62.19% of 1867 companies
in the Real Estate industry
Industry Median: 3.13 vs XMAU:MSIL.I0000: -2.70

Competitive Comparison of Mauritius Secondary Industries's 6-1 Month Momentum %

For the Real Estate Services subindustry, Mauritius Secondary Industries'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.


Mauritius Secondary Industries's 6-1 Month Momentum % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mauritius Secondary Industries's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Mauritius Secondary Industries's 6-1 Month Momentum % falls into.



Mauritius Secondary Industries  (XMAU:MSIL.I0000) 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.


Mauritius Secondary Industries  (XMAU:MSIL.I0000) 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.


Mauritius Secondary Industries 6-1 Month Momentum % Related Terms

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Mauritius Secondary Industries Business Description

Traded in Other Exchanges
N/A
Address
C/O United Bus Service Ltd., Les Cassis, Port Louis, MUS
Mauritius Secondary Industries Ltd is engaged in the retreading of motor vehichle tyres and rental of commercial building. The Company is only engaged in property rental activity locally.

Mauritius Secondary Industries Headlines

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