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Nurani Dyeing & Sweater (DHA:NURANI) 6-1 Month Momentum %

: 9.38% (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), Nurani Dyeing & Sweater's 6-1 Month Momentum % is 9.38%.

The industry rank for Nurani Dyeing & Sweater's 6-1 Month Momentum % or its related term are showing as below:

DHA:NURANI's 6-1 Month Momentum % is ranked better than
72.81% of 1166 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: -5.25 vs DHA:NURANI: 9.38

Nurani Dyeing & Sweater (DHA:NURANI) 6-1 Month Momentum % Competitive Comparison

For the Textile Manufacturing subindustry, Nurani Dyeing & Sweater'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.

   

Nurani Dyeing & Sweater (DHA:NURANI) 6-1 Month Momentum % Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nurani Dyeing & Sweater's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Nurani Dyeing & Sweater's 6-1 Month Momentum % falls into.



Nurani Dyeing & Sweater  (DHA:NURANI) 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.


Nurani Dyeing & Sweater  (DHA:NURANI) 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.


Nurani Dyeing & Sweater 6-1 Month Momentum % Related Terms

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


Nurani Dyeing & Sweater (DHA:NURANI) Business Description

Nurani Dyeing & Sweater logo
Traded in Other Exchanges
N/A
Address
45 Bijoynagar, Saiham Skyview Tower, Suit No. 16A, Dhaka, BGD, 1000
Nurani Dyeing & Sweater Ltd is a yarn dyeing and sweater knitting company. It is engaged in the dyeing of yarn, knitting of various types of the sweater. The company imports yarn from China, Indonesia, and India. The company project situated in the middle of Dhaka-Chittagong Highway road. The company produces Filament, Cotton Thread, Spun Polyester, and Poly Poly Core-spun (PPC).

Nurani Dyeing & Sweater (DHA:NURANI) Headlines

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