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Arex Industries (BOM:526851) 12-1 Month Momentum % : 66.97% (As of Jun. 06, 2024)


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What is Arex Industries 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 (2024-06-06), Arex Industries's 12-1 Month Momentum % is 66.97%.

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

BOM:526851's 12-1 Month Momentum % is ranked better than
86.7% of 1150 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.965 vs BOM:526851: 66.97

Competitive Comparison of Arex Industries's 12-1 Month Momentum %

For the Textile Manufacturing subindustry, Arex Industries'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.


Arex Industries's 12-1 Month Momentum % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Arex Industries's 12-1 Month Momentum % distribution charts can be found below:

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



Arex Industries  (BOM:526851) 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.


Arex Industries  (BOM:526851) 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.


Arex Industries 12-1 Month Momentum % Related Terms

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Arex Industries (BOM:526851) Business Description

Traded in Other Exchanges
N/A
Address
612, G.I.D.C Industrial Estate, Chhatral, Taluka Kalol, Gandhinagar, GJ, IND, 382729
Arex Industries Ltd is an India-based company, which is engaged in the manufacturing of textile materials. The firm engages in the manufacturing of woven and printed labels. Its product offerings include end fold, centerfold, miter fold, Manhattan fold, starched, laser cut, specially coated, self-adhesive, thermo adhesive, die cut, filled in, and comfort soft labels. The operating segment of the company is the Manufacturing and Sale of Labels.

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