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Organic Coatings (BOM:531157) 6-1 Month Momentum % : 84.50% (As of May. 12, 2024)


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What is Organic Coatings 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-12), Organic Coatings's 6-1 Month Momentum % is 84.50%.

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

BOM:531157's 6-1 Month Momentum % is ranked better than
97.47% of 1580 companies
in the Chemicals industry
Industry Median: -0.145 vs BOM:531157: 84.50

Competitive Comparison of Organic Coatings's 6-1 Month Momentum %

For the Specialty Chemicals subindustry, Organic Coatings'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.


Organic Coatings's 6-1 Month Momentum % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Organic Coatings's 6-1 Month Momentum % distribution charts can be found below:

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



Organic Coatings  (BOM:531157) 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.


Organic Coatings  (BOM:531157) 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.


Organic Coatings 6-1 Month Momentum % Related Terms

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Organic Coatings (BOM:531157) Business Description

Traded in Other Exchanges
N/A
Address
Unit No.405, Atlanta Estate Premises Co-op. Soc. Ltd., Vitth Bhatti, Near Virwani Industrial Estate, Goregaon (East), Mumbai, MH, IND, 400063
Organic Coatings Ltd is a chemical manufacturing company in India. It is engaged in the business of manufacturing and trading of printing inks and allied products. It offers offset ink products, including web offset publications and heat set inks; UV inks for dry offset, flexo, wet offset-sheetfed and web, and silkscreen applications; water-based flexo inks; Security inks and Specialty Inks. Geographically the company caters its products across India and to other countries. It operates through one segment that is Printing Inks and generates revenue from the same.

Organic Coatings (BOM:531157) Headlines

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