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Airo Lam (NSE:AIROLAM) 6-1 Month Momentum % : -25.49% (As of Oct. 31, 2024)


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What is Airo Lam 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 (2024-10-31), Airo Lam's 6-1 Month Momentum % is -25.49%.

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

NSE:AIROLAM's 6-1 Month Momentum % is ranked worse than
91.32% of 438 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: -1.625 vs NSE:AIROLAM: -25.49

Competitive Comparison of Airo Lam's 6-1 Month Momentum %

For the Furnishings, Fixtures & Appliances subindustry, Airo Lam'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.


Airo Lam's 6-1 Month Momentum % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Airo Lam's 6-1 Month Momentum % distribution charts can be found below:

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



Airo Lam  (NSE:AIROLAM) 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.


Airo Lam  (NSE:AIROLAM) 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.


Airo Lam 6-1 Month Momentum % Related Terms

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Airo Lam Business Description

Traded in Other Exchanges
N/A
Address
Survey No. 355, Nananpur Approach Road, N.H. No.8, Tahsil-Prantij, Himmatnagar, Dalpur, Sabarkantha, GJ, IND, 383120
Airo Lam Ltd is engaged in the manufacturing of High-Pressure decorative laminates. Its products are used in kitchen furniture, workshops, bathroom furniture, interior doors, and interior wall linings. The segments are Manufacturing and Sale of (a) Laminate and Allied products; and (b) Plywood and Allied products.

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