Alro (BSE:ALR) 12-1 Month Momentum % : -9.82% (As of May. 18, 2024)

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What is Alro 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-05-18), Alro's 12-1 Month Momentum % is -9.82%.

The industry rank for Alro's 12-1 Month Momentum % or its related term are showing as below:

BSE:ALR's 12-1 Month Momentum % is ranked better than
62.54% of 2600 companies
in the Metals & Mining industry
Industry Median: -23.98 vs BSE:ALR: -9.82

Competitive Comparison of Alro's 12-1 Month Momentum %

For the Aluminum subindustry, Alro's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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.

Alro's 12-1 Month Momentum % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Alro's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Alro's 12-1 Month Momentum % falls into.

Alro (BSE:ALR) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %

( Price 1-month ago

Price 12-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.

Alro (BSE:ALR) 12-1 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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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.

Alro 12-1 Month Momentum % Related Terms

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Alro (BSE:ALR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alro SA (BSE:ALR) » Definitions » 12-1 Month Momentum %

Traded in Other Exchanges

N/A

Address

116, Pitesti Street, Olt County, Slatina, ROU, 230048

Website

https://www.alro.ro/en

Alro SA is an aluminum producer. The company organizes its operations into four segments: Bauxite, Alumina, Primary Aluminium, and Processed Aluminium. The Bauxite segment is operating in Sierra Leone (Africa) and consists of SMHL, GAL and BML. The Alumina segment uses bauxite to produce alumina, the main raw material for electrolytic aluminium production. The Primary Aluminium segment, which mainly includes the anodes section, electrolysis section, the Casting House and Aluminium Eco Recycling Facility sections, manufactures and sells products like wire, rod, slabs and occasionally ingots. The Processed Aluminium segment, which includes Alro's Processed Aluminium section and Vimetco Extrusion, produces and sells sheets, coils, plates, and extruded products.