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ABC Gas (International) (BOM:513119) 6-1 Month Momentum % : 5.85% (As of Apr. 26, 2024)


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What is ABC Gas (International) 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 (2024-04-26), ABC Gas (International)'s 6-1 Month Momentum % is 5.85%.

The industry rank for ABC Gas (International)'s 6-1 Month Momentum % or its related term are showing as below:

BOM:513119's 6-1 Month Momentum % is ranked better than
63.88% of 2536 companies
in the Metals & Mining industry
Industry Median: -8.935 vs BOM:513119: 5.85

Competitive Comparison of ABC Gas (International)'s 6-1 Month Momentum %

For the Copper subindustry, ABC Gas (International)'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.


ABC Gas (International)'s 6-1 Month Momentum % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, ABC Gas (International)'s 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where ABC Gas (International)'s 6-1 Month Momentum % falls into.



ABC Gas (International)  (BOM:513119) 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.


ABC Gas (International)  (BOM:513119) 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.


ABC Gas (International) 6-1 Month Momentum % Related Terms

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ABC Gas (International) (BOM:513119) Business Description

Traded in Other Exchanges
N/A
Address
1 Mahesh Villa, B.G. Kher Road, Worli, Mumbai, MH, IND, 400 018
ABC Gas (International) Ltd is engaged in the business of trading in Non Ferrous Metals. It is into trading of various copper items. The company is doing trading business in Copper Pipe/Tube, Copper Fittings, and System Tubing for Acr.

ABC Gas (International) (BOM:513119) Headlines

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