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Alkali Metals (BOM:533029) 6-1 Month Momentum % : -11.85% (As of May. 23, 2024)


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What is Alkali Metals 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 (2024-05-23), Alkali Metals's 6-1 Month Momentum % is -11.85%.

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

BOM:533029's 6-1 Month Momentum % is ranked worse than
64.75% of 1583 companies
in the Chemicals industry
Industry Median: -3.38 vs BOM:533029: -11.85

Competitive Comparison of Alkali Metals's 6-1 Month Momentum %

For the Specialty Chemicals subindustry, Alkali Metals'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.


Alkali Metals's 6-1 Month Momentum % Distribution in the Chemicals Industry

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

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



Alkali Metals  (BOM:533029) 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.


Alkali Metals  (BOM:533029) 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.


Alkali Metals 6-1 Month Momentum % Related Terms

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Alkali Metals (BOM:533029) Business Description

Traded in Other Exchanges
Address
Plot B-5, Block III, Industrial Development Area, Uppal, Hyderabad, TG, IND, 500 039
Alkali Metals Ltd operates in the chemical industry. It is engaged in the manufacturing and sale of chemicals. Geographically, it derives a majority of its revenue from External segment. The product portfolio includes sodium and other metal derivatives like amides, hydrides, alkoxides, azides and tetrazoles, pyridine compounds, cyclic compounds, and others.

Alkali Metals (BOM:533029) Headlines

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