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China Smarter Energy Group Holdings (HKSE:01004) 6-1 Month Momentum % : -16.67% (As of May. 23, 2024)


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What is China Smarter Energy Group Holdings 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), China Smarter Energy Group Holdings's 6-1 Month Momentum % is -16.67%.

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

HKSE:01004's 6-1 Month Momentum % is ranked worse than
84.02% of 820 companies
in the Capital Markets industry
Industry Median: 6.57 vs HKSE:01004: -16.67

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

For the Capital Markets subindustry, China Smarter Energy Group Holdings'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 Smarter Energy Group Holdings's 6-1 Month Momentum % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, China Smarter Energy Group Holdings's 6-1 Month Momentum % distribution charts can be found below:

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



China Smarter Energy Group Holdings  (HKSE:01004) 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 Smarter Energy Group Holdings  (HKSE:01004) 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 Smarter Energy Group Holdings 6-1 Month Momentum % Related Terms

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China Smarter Energy Group Holdings (HKSE:01004) Business Description

Traded in Other Exchanges
N/A
Address
No. 23 Harbour Road, Room 2609, 26th Floor, Great Eagle Centre, Wan Chai, Hong Kong, HKG
China Smarter Energy Group Holdings Ltd is an investment holding company. It operates in four segments: Clean energy, Trading in securities, Investment, and Trading of bulk commodities. The Clean energy segment is into the Sale of electricity. The Trading of bulk commodities segment comprises the trading of solid, liquid, and gaseous fuels and other related products and the trading of bulk commodities derivatives. The trading in securities and Investment segments comprises the trading of listed securities and dividend income from listed and unlisted equity investments. Its geographical segments are China, Hong Kong, and Singapore. The company generates majority of revenue from clean energy segment and geographically it generates revenue from china.

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