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United Finance (DHA:UNITEDFIN) 6-1 Month Momentum % : 73.63% (As of Dec. 12, 2024)


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What is United Finance 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 (2024-12-12), United Finance's 6-1 Month Momentum % is 73.63%.

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

DHA:UNITEDFIN's 6-1 Month Momentum % is ranked better than
91.43% of 560 companies
in the Credit Services industry
Industry Median: 5.195 vs DHA:UNITEDFIN: 73.63

Competitive Comparison of United Finance's 6-1 Month Momentum %

For the Credit Services subindustry, United Finance'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.


United Finance's 6-1 Month Momentum % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, United Finance's 6-1 Month Momentum % distribution charts can be found below:

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



United Finance  (DHA:UNITEDFIN) 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.


United Finance  (DHA:UNITEDFIN) 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.


United Finance 6-1 Month Momentum % Related Terms

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United Finance Business Description

Traded in Other Exchanges
N/A
Address
22 Kazi Nazrul Islam Avenue, Camellia House, Dhaka, BGD, 1000
United Finance Ltd is a financial services company. It provides financial services which includes lease finance for acquiring assets for industrial and commercial use; term loans for meeting long-term funding requirement; short-term working capital solutions and home loans. The company provides services like Deposits, Working Capital and Term Financing. United Finance has various schemes like Insured Deposit Scheme, Shanchoy Scheme; Millionaire Plus Schemes and others. It also serves Pharmaceuticals; Metallic Industries; Hotel and Resorts and Textile Industries.

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