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National Tubes (DHA:NTLTUBES) 6-1 Month Momentum %

: 8.31% (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 (2022-11-28), National Tubes's 6-1 Month Momentum % is 8.31%.

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

DHA:NTLTUBES's 6-1 Month Momentum % is ranked better than
75.96% of 1098 companies
in the Oil & Gas industry
Industry Median: -7.61 vs DHA:NTLTUBES: 8.31

National Tubes (DHA:NTLTUBES) 6-1 Month Momentum % Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, National Tubes'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.


National Tubes (DHA:NTLTUBES) 6-1 Month Momentum % Distribution

For the Oil & Gas industry and Energy sector, National Tubes's 6-1 Month Momentum % distribution charts can be found below:

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

National Tubes  (DHA:NTLTUBES) 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.

National Tubes  (DHA:NTLTUBES) 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.

National Tubes 6-1 Month Momentum % Related Terms

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

National Tubes (DHA:NTLTUBES) Business Description

National Tubes logo
Traded in Other Exchanges
131-142, Tongi Industrial Area, Gazipur, BGD, 1710
National Tubes Ltd is engaged in the business of producing oil and gas pipe lines.

National Tubes (DHA:NTLTUBES) Headlines

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