ITC (NSE:ITC) 6-1 Month Momentum % : -1.54% (As of Apr. 27, 2024)

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What is ITC 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 (2024-04-27), ITC's 6-1 Month Momentum % is -1.54%.

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

NSE:ITC's 6-1 Month Momentum % is ranked worse than
63.64% of 55 companies
in the Tobacco Products industry
Industry Median: 1.96 vs NSE:ITC: -1.54

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

For the Tobacco subindustry, ITC'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.

ITC's 6-1 Month Momentum % Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, ITC's 6-1 Month Momentum % distribution charts can be found below:

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

ITC (NSE:ITC) 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.

ITC (NSE:ITC) 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.

ITC 6-1 Month Momentum % Related Terms

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ITC (NSE:ITC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » ITC Ltd (NSE:ITC) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

500875:India

Address

37 Jawaharlal Nehru Road, Virginia House, Kolkata, WB, IND, 700 071

Website

https://www.itcportal.com

ITC Ltd is an Indian conglomerate that primarily operates in the consumer goods space, particularly cigarettes. The company operates in four main business segments: Fast Moving Consumer Goods; Hotels; Paperboards, Paper, and Packaging; and Agri-Business. Roughly three-quarters of the company's total revenue comes from the Fast Moving Consumer Goods Business, which is dominated by cigarettes but also includes branded packaged foods, personal care products, and other categories. The company generates the vast majority of its revenue in India.