GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Australian Premium Solar (India) Ltd (NSE:APS) » Definitions » 6-1 Month Momentum %

Australian Premium Solar (India) (NSE:APS) 6-1 Month Momentum % : 27.67% (As of Dec. 11, 2024)


View and export this data going back to 2024. Start your Free Trial

What is Australian Premium Solar (India) 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 (2024-12-11), Australian Premium Solar (India)'s 6-1 Month Momentum % is 27.67%.

The industry rank for Australian Premium Solar (India)'s 6-1 Month Momentum % or its related term are showing as below:

NSE:APS's 6-1 Month Momentum % is ranked better than
78.73% of 992 companies
in the Semiconductors industry
Industry Median: -10.235 vs NSE:APS: 27.67

Competitive Comparison of Australian Premium Solar (India)'s 6-1 Month Momentum %

For the Solar subindustry, Australian Premium Solar (India)'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.


Australian Premium Solar (India)'s 6-1 Month Momentum % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Australian Premium Solar (India)'s 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Australian Premium Solar (India)'s 6-1 Month Momentum % falls into.



Australian Premium Solar (India)  (NSE:APS) 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.


Australian Premium Solar (India)  (NSE:APS) 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.


Australian Premium Solar (India) 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Australian Premium Solar (India)'s 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Australian Premium Solar (India) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
NH-08, At & Post: Tajpur, Sabarkantha, Prantij, GJ, IND, 383205
Australian Premium Solar (India) Ltd is engaged in the manufacturing of solar panels and EPC services for solar systems. It manufactures two types of solar panels: (i) Monocrystalline Solar Panel; and (ii) Polycrystalline Solar Panel. It also provides installation services for solar panels and solar pumps. The majority of the revenue is generated from the manufacturing of solar panels.

Australian Premium Solar (India) Headlines

No Headlines