China Jinmao Holdings Group (China Jinmao Holdings Group) 6-1 Month Momentum % : N/A% (As of Jun. 09, 2024)

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What is China Jinmao Holdings Group 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 (2024-06-09), China Jinmao Holdings Group's 6-1 Month Momentum % is N/A%.

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

FRSHY's 6-1 Month Momentum % is not ranked ^*
in the Real Estate industry.
Industry Median: 0.705
* Ranked among companies with meaningful 6-1 Month Momentum % only.

Competitive Comparison of China Jinmao Holdings Group's 6-1 Month Momentum %

For the Real Estate - Development subindustry, China Jinmao Holdings Group'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.

China Jinmao Holdings Group's 6-1 Month Momentum % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Jinmao Holdings Group's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where China Jinmao Holdings Group's 6-1 Month Momentum % falls into.

China Jinmao Holdings Group (OTCPK:FRSHY) 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.

China Jinmao Holdings Group (OTCPK:FRSHY) 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.

China Jinmao Holdings Group 6-1 Month Momentum % Related Terms

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China Jinmao Holdings Group (China Jinmao Holdings Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Jinmao Holdings Group Ltd (OTCPK:FRSHY) » Definitions » 6-1 Month Momentum %

Traded in Other Exchanges

00817:Hong Kong 3F5:Germany

Address

No. 1 Harbour Road, Room 4702-4703, 47th Floor, Office Tower, Convention Plaza, Wanchai, Hong Kong, HKG

Website

https://www.chinajinmao.cn

China Jinmao, formerly known as Franshion Properties, is a mid-cap real estate developer in China, and listed on the Hong Kong stock exchange in 2007. As the real estate arm of Sinochem, a leading government-controlled chemical-producing conglomerate, China Jinmao focuses on the development of high-end residential projects in higher-tier cities of China with premium pricing. It also engages in a unique city operation model, in which it has opportunities to participate in large-scale primary and secondary land development through specific agreements with local government. Under the mixed ownership reform initiative, China Jinmao brought in Ping An as a long-term financial investor and as the second largest shareholder.