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Delton Technology (Guangzhou) (SZSE:001389) 6-1 Month Momentum % : -17.90% (As of Oct. 31, 2024)


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What is Delton Technology (Guangzhou) 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), Delton Technology (Guangzhou)'s 6-1 Month Momentum % is -17.90%.

The industry rank for Delton Technology (Guangzhou)'s 6-1 Month Momentum % or its related term are showing as below:

SZSE:001389's 6-1 Month Momentum % is ranked worse than
80.02% of 2462 companies
in the Hardware industry
Industry Median: -0.57 vs SZSE:001389: -17.90

Competitive Comparison of Delton Technology (Guangzhou)'s 6-1 Month Momentum %

For the Electronic Components subindustry, Delton Technology (Guangzhou)'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.


Delton Technology (Guangzhou)'s 6-1 Month Momentum % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Delton Technology (Guangzhou)'s 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Delton Technology (Guangzhou)'s 6-1 Month Momentum % falls into.



Delton Technology (Guangzhou)  (SZSE:001389) 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.


Delton Technology (Guangzhou)  (SZSE:001389) 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.


Delton Technology (Guangzhou) 6-1 Month Momentum % Related Terms

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Delton Technology (Guangzhou) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 22 Baoying South Road, Guangzhou Free Trade Zone, Guangdong Province, Guangzhou, CHN, 510730
Delton Technology (Guangzhou) Inc is engaged in research & development, production and sales of printed circuit boards. Its products are mainly used in data center, cloud computing, industrial Internet, artificial intelligence, 5G communication, automotive electronics, security and printing and other terminal fields.

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