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Arvind (BOM:500101) 6-1 Month Momentum % : -11.28% (As of Dec. 14, 2024)


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What is Arvind 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 (2024-12-14), Arvind's 6-1 Month Momentum % is -11.28%.

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

BOM:500101's 6-1 Month Momentum % is ranked worse than
70.05% of 1162 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: -1.015 vs BOM:500101: -11.28

Competitive Comparison of Arvind's 6-1 Month Momentum %

For the Textile Manufacturing subindustry, Arvind'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.


Arvind's 6-1 Month Momentum % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Arvind's 6-1 Month Momentum % distribution charts can be found below:

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



Arvind  (BOM:500101) 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.


Arvind  (BOM:500101) 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.


Arvind 6-1 Month Momentum % Related Terms

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Arvind Business Description

Traded in Other Exchanges
Address
Naroda Road, Ahmedabad, GJ, IND, 380025
Arvind Ltd is a textile company. It is engaged in manufacturing Denim, Cotton shirting, knits and bottom weights (Khakis) fabrics, and Jeans and shirt garments. Its business segments are Textile, Advanced Material, and Others. The key contributor to the company's revenue is the Textiles business which offers fabrics, garments, and fabric retail. The Advanced Material segment offers human protection fabric and garments, industrial products, advanced composites, and automotive fabrics. The company sells its products in India and the rest of the world.

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