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Libra Infusions (DHA:LIBRAINFU) 6-1 Month Momentum %

: 3.43% (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 (2022-12-02), Libra Infusions's 6-1 Month Momentum % is 3.43%.

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

DHA:LIBRAINFU's 6-1 Month Momentum % is ranked better than
71.41% of 850 companies
in the Medical Devices & Instruments industry
Industry Median: -11.93 vs DHA:LIBRAINFU: 3.43

Libra Infusions (DHA:LIBRAINFU) 6-1 Month Momentum % Competitive Comparison

For the Medical Instruments & Supplies subindustry, Libra Infusions'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.

   

Libra Infusions (DHA:LIBRAINFU) 6-1 Month Momentum % Distribution

For the Medical Devices & Instruments industry and Healthcare sector, Libra Infusions's 6-1 Month Momentum % distribution charts can be found below:

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



Libra Infusions  (DHA:LIBRAINFU) 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.


Libra Infusions  (DHA:LIBRAINFU) 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.


Libra Infusions 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Libra Infusions's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Libra Infusions (DHA:LIBRAINFU) Business Description

Libra Infusions logo
Traded in Other Exchanges
N/A
Address
I/7, Mirpur Industrial Estate, Rupnagar, Section-2, Dhaka, BGD, 1216
Libra Infusions Ltd is engaged in manufacturing intravenous fluids. It provides products which are used for medical purposes involving surgical operations, loss of blood, weakness, and general hospitalization.

Libra Infusions (DHA:LIBRAINFU) Headlines

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