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Agha Steel Industries (KAR:AGHA) 6-1 Month Momentum % : -5.60% (As of Dec. 14, 2024)


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What is Agha Steel 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 (2024-12-14), Agha Steel Industries's 6-1 Month Momentum % is -5.60%.

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

KAR:AGHA's 6-1 Month Momentum % is ranked better than
52.88% of 660 companies
in the Steel industry
Industry Median: -6.62 vs KAR:AGHA: -5.60

Competitive Comparison of Agha Steel Industries's 6-1 Month Momentum %

For the Steel subindustry, Agha Steel 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.


Agha Steel Industries's 6-1 Month Momentum % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Agha Steel Industries's 6-1 Month Momentum % distribution charts can be found below:

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



Agha Steel Industries  (KAR:AGHA) 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.


Agha Steel Industries  (KAR:AGHA) 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.


Agha Steel Industries 6-1 Month Momentum % Related Terms

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Agha Steel Industries Business Description

Traded in Other Exchanges
N/A
Address
G-19 II Talwar, Block 5, Office 801 and 804, 8th Floor, Emerald Tower, Clifton, Karachi, SD, PAK
Agha Steel Industries Ltd is engaged in the business of manufacturing and sale of steel bars, wire rods, and billets in Pakistan. The products of the company include Billets, Earthquake-resistant rebar G-60, Arcon 615 deformed Bar G-60, and E bar G-500+.

Agha Steel Industries Headlines

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