JSW Steel (BOM:500228) 6-1 Month Momentum %

: 7.31% (As of Today)

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6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-23), JSW Steel's 6-1 Month Momentum % is 7.31%.

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

BOM:500228's 6-1 Month Momentum % is ranked better than
55.12% of 644 companies
in the Steel industry
Industry Median: 4.255 vs BOM:500228: 7.31

Competitive Comparison

For the Steel subindustry, JSW Steel'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.

JSW Steel 6-1 Month Momentum % Distribution

For the Steel industry and Basic Materials sector, JSW Steel's 6-1 Month Momentum % distribution charts can be found below:

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

JSW Steel (BOM:500228) 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.

JSW Steel (BOM:500228) 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.

JSW Steel 6-1 Month Momentum % Related Terms

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JSW Steel (BOM:500228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » JSW Steel Ltd (BOM:500228) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

JSWSTEEL:India

Address

JSW Centre, Bandra Kurla Complex, Near MMRDA Grounds, Bandra (East), Mumbai, MH, IND, 400 051

Website

https://www.jsw.in

JSW Steel Ltd is an India-based company that is engaged in the business of manufacturing and selling steel products. Its steel products include semis, hot-rolled steel, cold-rolled steel, galvanized steel, color-coated steel, and long products. Its flat steel products (including hot-rolled, cold-rolled, and galvanized products), which account for the majority of the company's steel volume, are used in Indian automotive, construction, infrastructure, engineering, and consumer durable industries. Its long products, which account for the second-largest share of the company's steel volume, are used in the Indian construction, infrastructure, and automotive industries. The company generates the majority of its revenue from the Indian domestic market.

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