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Maks Energy Solutions India (NSE:MAKS) 6-1 Month Momentum % : -34.70% (As of May. 12, 2024)


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What is Maks Energy Solutions India 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), Maks Energy Solutions India's 6-1 Month Momentum % is -34.70%.

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

NSE:MAKS's 6-1 Month Momentum % is ranked worse than
94.71% of 2985 companies
in the Industrial Products industry
Industry Median: 1.63 vs NSE:MAKS: -34.70

Competitive Comparison of Maks Energy Solutions India's 6-1 Month Momentum %

For the Specialty Industrial Machinery subindustry, Maks Energy Solutions India'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.


Maks Energy Solutions India's 6-1 Month Momentum % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Maks Energy Solutions India's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Maks Energy Solutions India's 6-1 Month Momentum % falls into.



Maks Energy Solutions India  (NSE:MAKS) 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.


Maks Energy Solutions India  (NSE:MAKS) 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.


Maks Energy Solutions India 6-1 Month Momentum % Related Terms

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Maks Energy Solutions India (NSE:MAKS) Business Description

Traded in Other Exchanges
N/A
Address
Shubham Society, Showroom-1, 599/600 Rasta Peth, Near- Parsi Agyari, Pune, MH, IND, 411011
Maks Energy Solutions India Ltd is engaged in the business of trading, dealing, assembling, selling, installing, testing, and commissioning generator and Diesel Generator sets. The company's products include Tata generators, Cummins generators, Perkins generators, and Spare parts. The company also has dealers outside India in Europe, Latin America, the USA, Singapore, the Middle East, Africa, Thailand, Nepal, Sri Lanka, and many other countries.

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