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Guangzhou Risong Intelligent Technology Holding Co (SHSE:688090) 6-1 Month Momentum % : 215.97% (As of Oct. 31, 2024)


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What is Guangzhou Risong Intelligent Technology Holding Co 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 (2024-10-31), Guangzhou Risong Intelligent Technology Holding Co's 6-1 Month Momentum % is 215.97%.

The industry rank for Guangzhou Risong Intelligent Technology Holding Co's 6-1 Month Momentum % or its related term are showing as below:

SHSE:688090's 6-1 Month Momentum % is ranked better than
99.54% of 3014 companies
in the Industrial Products industry
Industry Median: -0.475 vs SHSE:688090: 215.97

Competitive Comparison of Guangzhou Risong Intelligent Technology Holding Co's 6-1 Month Momentum %

For the Specialty Industrial Machinery subindustry, Guangzhou Risong Intelligent Technology Holding Co'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.


Guangzhou Risong Intelligent Technology Holding Co's 6-1 Month Momentum % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Guangzhou Risong Intelligent Technology Holding Co's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Guangzhou Risong Intelligent Technology Holding Co's 6-1 Month Momentum % falls into.



Guangzhou Risong Intelligent Technology Holding Co  (SHSE:688090) 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.


Guangzhou Risong Intelligent Technology Holding Co  (SHSE:688090) 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.


Guangzhou Risong Intelligent Technology Holding Co 6-1 Month Momentum % Related Terms

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Guangzhou Risong Intelligent Technology Holding Co Business Description

Traded in Other Exchanges
N/A
Address
No.188 Ruixiang Road, Huangpu District, Guangdong Province, Guangzhou, CHN, 510535
Guangzhou Risong Intelligent Technology Holding Co Ltd is engaged in research and development, manufacturing, application, sales and service in the field of robotics and intelligent manufacturing. The company manufactures industrial robots; industrial automatic control system devices; special equipment for the electronics industry; special equipment for environmental protection; special equipment for electrical machinery; metal structures; metal cutting and welding equipment.
Executives
Tang Guo Bao Core technical personnel
He Yan Bing Core technical personnel
Chen Ya Yi senior management
Liu Yi Core technical personnel
Luo Yuan Supervisors
Zheng De Lun senior management
Yan Xue Tao Director
Liu Er Bin Directors, senior managers

Guangzhou Risong Intelligent Technology Holding Co Headlines

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