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FIT Hon Teng (HKSE:06088) 6-1 Month Momentum % : 90.63% (As of May. 12, 2024)


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What is FIT Hon Teng 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), FIT Hon Teng's 6-1 Month Momentum % is 90.63%.

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

HKSE:06088's 6-1 Month Momentum % is ranked better than
96.69% of 2474 companies
in the Hardware industry
Industry Median: 1.6 vs HKSE:06088: 90.63

Competitive Comparison of FIT Hon Teng's 6-1 Month Momentum %

For the Electronic Components subindustry, FIT Hon Teng'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.


FIT Hon Teng's 6-1 Month Momentum % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, FIT Hon Teng's 6-1 Month Momentum % distribution charts can be found below:

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



FIT Hon Teng  (HKSE:06088) 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.


FIT Hon Teng  (HKSE:06088) 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.


FIT Hon Teng 6-1 Month Momentum % Related Terms

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FIT Hon Teng (HKSE:06088) Business Description

Traded in Other Exchanges
Address
66-1, Chungshan Road, Tucheng District, New Taipei Ciy, TWN, 23680
FIT Hon Teng Ltd is a manufacturer of electronic components. It focuses on the development, manufacturing, and marketing of electronic and optoelectronic connectors, antennas, acoustic components, cables, and modules for applications in computers, communication equipment, consumer electronics, automobiles, and industrial and green energy field products. Geographically, the group has a business presence in the U.S., the PRC, Taiwan, Hong Kong, the United Kingdom, Singapore, Malaysia, and other countries, of which a majority of revenue is derived from the U.S. Its operating segments are Intermediate products and Consumer products.

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