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Zaheen Spinning (DHA:ZAHEENSPIN) 12-1 Month Momentum %

: 39.13% (As of Today)
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12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2022-12-09), Zaheen Spinning's 12-1 Month Momentum % is 39.13%.

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

DHA:ZAHEENSPIN's 12-1 Month Momentum % is ranked better than
84.43% of 1156 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: -8.71 vs DHA:ZAHEENSPIN: 39.13

Zaheen Spinning (DHA:ZAHEENSPIN) 12-1 Month Momentum % Competitive Comparison

For the Textile Manufacturing subindustry, Zaheen Spinning'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.

   

Zaheen Spinning (DHA:ZAHEENSPIN) 12-1 Month Momentum % Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zaheen Spinning's 12-1 Month Momentum % distribution charts can be found below:

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



Zaheen Spinning  (DHA:ZAHEENSPIN) 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.


Zaheen Spinning  (DHA:ZAHEENSPIN) 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.


Zaheen Spinning 12-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Zaheen Spinning's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Zaheen Spinning (DHA:ZAHEENSPIN) Business Description

Zaheen Spinning logo
Traded in Other Exchanges
N/A
Address
House No 59/A, Road No. 12/A, Near Takwa Masjid, Dhanmondi, Dhaka, BGD, 1209
Zaheen Spinning Ltd is engaged in producing carded hosiery yarn of counts ranging from 20/s to 120/s in single and double.

Zaheen Spinning (DHA:ZAHEENSPIN) Headlines

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