Macfos (BOM:543787) 6-1 Month Momentum % : -5.95% (As of May. 27, 2024)

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What is Macfos 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 (2024-05-27), Macfos's 6-1 Month Momentum % is -5.95%.

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

BOM:543787's 6-1 Month Momentum % is ranked worse than
54.52% of 2480 companies
in the Hardware industry
Industry Median: -3.285 vs BOM:543787: -5.95

Competitive Comparison of Macfos's 6-1 Month Momentum %

For the Electronic Components subindustry, Macfos'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.

Macfos's 6-1 Month Momentum % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Macfos's 6-1 Month Momentum % distribution charts can be found below:

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

Macfos (BOM:543787) 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.

Macfos (BOM:543787) 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.

Macfos 6-1 Month Momentum % Related Terms

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Macfos (BOM:543787) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Macfos Ltd (BOM:543787) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bhosari Alandi Road, S. No. 78/1, Sumant Building, Dynamic Logistics Trade Park, Dighi, Pune, MH, IND, 411015

Website

https://www.robu.in

Macfos Ltd is an e-commerce-based Company. The company is focused on the marketing of a broad range of electronic components which finds application in basic and engineering products & projects, including emerging technologies such as IoT, Robotics, automation, Drone, Electric Vehicles, 3D Printing, and Auto Guided Vehicles. The company operates in a single segment of electronic items and parts. The company's portfolio consists of electronics components and parts that facilitate consumers such as manufacturers, electrical & mechanical engineering students, educational institutions, researchers, and developers, to turn their ideas into reality as well as to speed up their product's R&D and prototyping cycle.

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