The United Basalt Products (XMAU:UBP) 6-1 Month Momentum % : -8.23% (As of May. 18, 2024)

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What is The United Basalt Products 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 (2024-05-18), The United Basalt Products's 6-1 Month Momentum % is -8.23%.

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

XMAU:UBP's 6-1 Month Momentum % is ranked worse than
69.69% of 419 companies
in the Building Materials industry
Industry Median: 2.56 vs XMAU:UBP: -8.23

Competitive Comparison of The United Basalt Products's 6-1 Month Momentum %

For the Building Materials subindustry, The United Basalt Products'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.

The United Basalt Products's 6-1 Month Momentum % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, The United Basalt Products's 6-1 Month Momentum % distribution charts can be found below:

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

The United Basalt Products (XMAU:UBP) 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.

The United Basalt Products (XMAU:UBP) 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.

The United Basalt Products 6-1 Month Momentum % Related Terms

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The United Basalt Products (XMAU:UBP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » The United Basalt Products Ltd (XMAU:UBP) » Definitions » 6-1 Month Momentum %

Traded in Other Exchanges

N/A

Address

Trianon, Quatre-Bornes, MUS

Website

https://www.ubp.mu

The United Basalt Products Ltd is engaged in the manufacturing and sale of building materials which consist mainly of aggregates, rock sand, and concrete blocks. Other products include precast concrete slabs, ready-to-use dry mortar, various concrete building components including paving-blocks and roof tiles, imported floor and wall tiles, sanitary ware and a complete range of home building and decorating products, fittings, tools, and garden accessories. Services rendered consist mainly of engineering works by the company's workshop and contracting services. The group's business segments consist of core business activities, Building Material and agriculture. Geographically, majority of its activity is performed in Mauritius.