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Northlink Fiscal and Capital Services (BOM:539110) 12-1 Month Momentum % : 141.82% (As of Jun. 12, 2024)


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What is Northlink Fiscal and Capital Services 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 (2024-06-12), Northlink Fiscal and Capital Services's 12-1 Month Momentum % is 141.82%.

The industry rank for Northlink Fiscal and Capital Services's 12-1 Month Momentum % or its related term are showing as below:

BOM:539110's 12-1 Month Momentum % is ranked better than
95.44% of 417 companies
in the Building Materials industry
Industry Median: 3.72 vs BOM:539110: 141.82

Competitive Comparison of Northlink Fiscal and Capital Services's 12-1 Month Momentum %

For the Building Materials subindustry, Northlink Fiscal and Capital Services'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.


Northlink Fiscal and Capital Services's 12-1 Month Momentum % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Northlink Fiscal and Capital Services's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Northlink Fiscal and Capital Services's 12-1 Month Momentum % falls into.



Northlink Fiscal and Capital Services  (BOM:539110) 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.


Northlink Fiscal and Capital Services  (BOM:539110) 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.


Northlink Fiscal and Capital Services 12-1 Month Momentum % Related Terms

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Northlink Fiscal and Capital Services (BOM:539110) Business Description

Traded in Other Exchanges
N/A
Address
86, Mall Road, Civil Lines, Ludhiana, PB, IND, 141001
Northlink Fiscal and Capital Services Ltd is a Non-Banking Financial Company and is engaged in lending loans. The company operates in a single segment engaged in the business of financing.

Northlink Fiscal and Capital Services (BOM:539110) Headlines

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