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Nivaka Fashions (BOM:542206) 12-1 Month Momentum % : 12.61% (As of Jan. 19, 2025)


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What is Nivaka Fashions 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 (2025-01-19), Nivaka Fashions's 12-1 Month Momentum % is 12.61%.

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

BOM:542206's 12-1 Month Momentum % is ranked better than
62.13% of 1146 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.63 vs BOM:542206: 12.61

Competitive Comparison of Nivaka Fashions's 12-1 Month Momentum %

For the Apparel Manufacturing subindustry, Nivaka Fashions'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.


Nivaka Fashions's 12-1 Month Momentum % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nivaka Fashions's 12-1 Month Momentum % distribution charts can be found below:

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



Nivaka Fashions  (BOM:542206) 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.


Nivaka Fashions  (BOM:542206) 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.


Nivaka Fashions 12-1 Month Momentum % Related Terms

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Nivaka Fashions Business Description

Traded in Other Exchanges
N/A
Address
Mankoli Road, Harihar Corporation, A-12, Gala No. 10/11, Dapoda, Bhiwandi, Thane, MH, IND, 421302
Nivaka Fashions Ltd is an Indian company engaged in retailing Indian ethnic wear through omni channels like offline retail stores and online e-commerce websites. The company owns the brand 'Ninecolours'. The company manufactures certain products in its own brand in the name of 'Ninecolours West', 'Nine colours Quirk' and 'Ninecolours Luxe'. The company offers products like sarees, lehengas, kurtis, suits and gowns for women; kurtas, sherwanis, jackets and kurta pyjamas for men and ethnic wear collections for children. The company also offers a range of jewellery and Home decors products like Bed sheets, Table tops, Wall art and Dewan sets. The company generates the majority of its revenue from the sale of products.

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