Ninetowns Internet Technology Group Co (FRA:NQU) 12-1 Month Momentum % : N/A% (As of May. 25, 2024)

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What is Ninetowns Internet Technology Group 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 (2024-05-25), Ninetowns Internet Technology Group Co's 12-1 Month Momentum % is N/A%.

The industry rank for Ninetowns Internet Technology Group Co's 12-1 Month Momentum % or its related term are showing as below:

FRA:NQU's 12-1 Month Momentum % is not ranked ^*
in the Software industry.
Industry Median: -6.36
* Ranked among companies with meaningful 12-1 Month Momentum % only.

Competitive Comparison of Ninetowns Internet Technology Group Co's 12-1 Month Momentum %

For the Software - Infrastructure subindustry, Ninetowns Internet Technology Group 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.

Ninetowns Internet Technology Group Co's 12-1 Month Momentum % Distribution in the Software Industry

For the Software industry and Technology sector, Ninetowns Internet Technology Group Co's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Ninetowns Internet Technology Group Co's 12-1 Month Momentum % falls into.

Ninetowns Internet Technology Group Co (FRA:NQU) 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.

Ninetowns Internet Technology Group Co (FRA:NQU) 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.

Ninetowns Internet Technology Group Co 12-1 Month Momentum % Related Terms

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Ninetowns Internet Technology Group Co (FRA:NQU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ninetowns Internet Technology Group Co Ltd (FRA:NQU) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.ninetowns.com

Ninetowns Internet Technology Group Co Ltd was incorporated in the Cayman Islands as a limited liability company on February 8, 2002 as "Ninetowns Digital World Trade Technology Holdings Limited". It changed its name to "Ninetowns Digital World Trade One Technology Holdings Limited" on June 14, 2002 and then to "Ninetowns Digital World Trade Holdings Limited" on April 7, 2003. The Company is a PRC software company that enables enterprises and trade-related PRC government agencies to streamline the import/export process in China. Its enterprise software products consist of standardized, easy-to-install applications that simplify the declaration and approval process for international trade enterprises in China. Its enterprise software automates and facilitates the processing of the required import/export declarations and approvals in a cost-efficient, user-friendly and legally-compliant manner over the Internet, utilizing an electronic infrastructure it helped build that links together numerous branch offices of the PRC Inspections Administration. Through its software development services, it assists in the development and maintenance of the software systems used to process electronic filings by the PRC Inspections Administration and the data exchange platforms which serve as the interface between such systems and its enterprise software users.

Ninetowns Internet Technology Group Co (FRA:NQU) Headlines

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