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Bangladesh Steel Re-Rolling Mills (DHA:BSRMLTD) 12-1 Month Momentum % : N/A% (As of Apr. 25, 2024)


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What is Bangladesh Steel Re-Rolling Mills 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 (2024-04-25), Bangladesh Steel Re-Rolling Mills's 12-1 Month Momentum % is N/A%.

The industry rank for Bangladesh Steel Re-Rolling Mills's 12-1 Month Momentum % or its related term are showing as below:

DHA:BSRMLTD's 12-1 Month Momentum % is not ranked *
in the Steel industry.
Industry Median: 4.18
* Ranked among companies with meaningful 12-1 Month Momentum % only.

Competitive Comparison of Bangladesh Steel Re-Rolling Mills's 12-1 Month Momentum %

For the Steel subindustry, Bangladesh Steel Re-Rolling Mills'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.


Bangladesh Steel Re-Rolling Mills's 12-1 Month Momentum % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Bangladesh Steel Re-Rolling Mills's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Bangladesh Steel Re-Rolling Mills's 12-1 Month Momentum % falls into.



Bangladesh Steel Re-Rolling Mills  (DHA:BSRMLTD) 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.


Bangladesh Steel Re-Rolling Mills  (DHA:BSRMLTD) 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.


Bangladesh Steel Re-Rolling Mills 12-1 Month Momentum % Related Terms

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Bangladesh Steel Re-Rolling Mills (DHA:BSRMLTD) Business Description

Traded in Other Exchanges
N/A
Address
1207/1099 Sadarghat Road, Ali Mansion, Chattogram, BGD, 4000
Bangladesh Steel Re-Rolling Mills Ltd is a Bangladesh-based steel manufacturing company. The company also deals in the sale of M.S. products like angle, channel, I Beam, H Beam, MS plate, and others. Its steel products are used inside Buildings, Bridges, and National Infrastructures. The company's products consists of XTREME 500W, XTREME 500W-STIRRUP, XTREME 500W-BEND CUT, MS SQUARE BAR, M.S ANGEL-MANUFACTURED, RIBBED WIRE ROD. The company generates the majority of its revenue from XTREME 500W sales.

Bangladesh Steel Re-Rolling Mills (DHA:BSRMLTD) Headlines

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