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Afarak Group SE (OHEL:AFAGR) 6-1 Month Momentum %

: 51.43% (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 (2023-03-21), Afarak Group SE's 6-1 Month Momentum % is 51.43%.

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

OHEL:AFAGR's 6-1 Month Momentum % is ranked better than
90.15% of 2537 companies
in the Metals & Mining industry
Industry Median: -7.14 vs OHEL:AFAGR: 51.43

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Afarak Group SE'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.


Afarak Group SE 6-1 Month Momentum % Distribution

For the Metals & Mining industry and Basic Materials sector, Afarak Group SE's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Afarak Group SE's 6-1 Month Momentum % falls in comparison to its industry or sector. The grey bar indicates the 6-1 Month Momentum %'s extreme value range as defined by GuruFocus.

Afarak Group SE  (OHEL:AFAGR) 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.

Afarak Group SE  (OHEL:AFAGR) 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.

Afarak Group SE 6-1 Month Momentum % Related Terms

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Afarak Group SE (OHEL:AFAGR) Business Description

Afarak Group SE logo
Traded in Other Exchanges
Kaisaniemenkatu 4, Helsinki, FIN, 00100
Afarak Group SE is a minerals producer focused on delivering sustainable growth with a specialty alloys business in southern Europe and a ferroalloys business. The company has two operating segments FerroAlloys and Speciality Alloys. The FerroAlloys business consists of the plant Mogale Alloys, Vlakpoort mine, Zeerust mine, the Stellite mine, and Mecklenburg mine in South Africa. It produces chrome ore, charge chrome, medium carbon ferrochrome, and silicomanganese. The Speciality Alloys business consists of Turk Maadin Sirketi A.S, the mining and beneficiation operation in Turkey, and Elektrowerk Weisweiler GmbH, the chromite concentrate processing plant in Germany. The company operates in Other European countries, United States, China, Africa, Finland, and Other countries.

Afarak Group SE (OHEL:AFAGR) Headlines

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