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CIHKY (China Merchants Bank Co) 12-1 Month Momentum % : 45.63% (As of Dec. 13, 2024)


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What is China Merchants Bank Co 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-12-13), China Merchants Bank Co's 12-1 Month Momentum % is 45.63%.

The industry rank for China Merchants Bank Co's 12-1 Month Momentum % or its related term are showing as below:

CIHKY's 12-1 Month Momentum % is ranked better than
74.44% of 1612 companies
in the Banks industry
Industry Median: 16.36 vs CIHKY: 45.63

Competitive Comparison of China Merchants Bank Co's 12-1 Month Momentum %

For the Banks - Regional subindustry, China Merchants Bank Co's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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 Merchants Bank Co's 12-1 Month Momentum % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, China Merchants Bank Co's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where China Merchants Bank Co's 12-1 Month Momentum % falls into.



China Merchants Bank Co  (OTCPK:CIHKY) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-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 Merchants Bank Co  (OTCPK:CIHKY) 12-1 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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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 Merchants Bank Co 12-1 Month Momentum % Related Terms

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China Merchants Bank Co Business Description

Address
No. 7088, Shennan Boulevard, 26th Floor, China Merchants Bank Building, Futian District, Guangdong Province, Shenzhen, CHN, 518040
China Merchants Bank was founded in 1987 and is headquartered in Shenzhen. The bank is China's seventh-largest listed bank by assets, with the largest distribution network among China's joint-stock banks. CMB's network has been expanding rapidly. Its outlets are located mainly in China's more developed areas, including the Pearl River and Yangtze River deltas. The firm has 18% and 82% of its shares listed on the Hong Kong and Shanghai exchanges, respectively. It has no foreign strategic investors. China Merchants Group is its largest shareholder, with a 30% stake. Retail banking, corporate banking, and wholesale banking accounted for 57%, 41%, and 2% of total profit before tax, respectively, and 56%, 41%, and 3% of total revenue in 2023.