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Aramit Cement (DHA:ARAMITCEM) 12-1 Month Momentum % : -1.27% (As of Apr. 29, 2024)


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What is Aramit Cement 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-29), Aramit Cement's 12-1 Month Momentum % is -1.27%.

The industry rank for Aramit Cement's 12-1 Month Momentum % or its related term are showing as below:

DHA:ARAMITCEM's 12-1 Month Momentum % is ranked worse than
53.25% of 415 companies
in the Building Materials industry
Industry Median: 1.97 vs DHA:ARAMITCEM: -1.27

Competitive Comparison of Aramit Cement's 12-1 Month Momentum %

For the Building Materials subindustry, Aramit Cement's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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.


Aramit Cement's 12-1 Month Momentum % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Aramit Cement's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Aramit Cement's 12-1 Month Momentum % falls into.



Aramit Cement  (DHA:ARAMITCEM) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-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.


Aramit Cement  (DHA:ARAMITCEM) 12-1 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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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.


Aramit Cement 12-1 Month Momentum % Related Terms

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Aramit Cement (DHA:ARAMITCEM) Business Description

Traded in Other Exchanges
N/A
Address
53 Kalurghat Heavy Industrial Estate, PO : Mohara, Chattagong, BGD, 4208
Aramit Cement Ltd is a manufacturer of cement products. It is engaged in the production of ordinary Portland cement forms which include Portland Cement - 42.5N; Portland Composite Cement - 42.5N; Portland Slag Cement; OPC - 43N grade Cement, and others.

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