China CITIC Financial Asset Management Co (HKSE:02799) 12-1 Month Momentum % : -21.25% (As of May. 25, 2024)

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What is China CITIC Financial Asset Management 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), China CITIC Financial Asset Management Co's 12-1 Month Momentum % is -21.25%.

The industry rank for China CITIC Financial Asset Management Co's 12-1 Month Momentum % or its related term are showing as below:

HKSE:02799's 12-1 Month Momentum % is ranked worse than
83.91% of 1728 companies
in the Asset Management industry
Industry Median: 2.635 vs HKSE:02799: -21.25

Competitive Comparison of China CITIC Financial Asset Management Co's 12-1 Month Momentum %

For the Asset Management subindustry, China CITIC Financial Asset Management 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 CITIC Financial Asset Management Co's 12-1 Month Momentum % Distribution in the Asset Management Industry

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

* The bar in red indicates where China CITIC Financial Asset Management Co's 12-1 Month Momentum % falls into.

China CITIC Financial Asset Management Co (HKSE:02799) 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 CITIC Financial Asset Management Co (HKSE:02799) 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 CITIC Financial Asset Management Co 12-1 Month Momentum % Related Terms

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China CITIC Financial Asset Management Co (HKSE:02799) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » China CITIC Financial Asset Management Co Ltd (HKSE:02799) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

CHE:Germany

Address

No. 8, Financial Street, Xicheng District, Beijing, CHN, 100033

Website

https://www.chamc.com.cn

China Huarong Asset Management Co Ltd operates as an asset manager and provides financial services. It has three segments. Its distressed asset management segment includes policy-related DES asset management business based on the commercial buy-out of the company, special situations investments business, distressed asset-based property development business as well as market-oriented DES business of the group. The financial services segment mainly includes securities and futures business, financial leasing business, and banking services business. Asset management and investment segment mainly includes trust business, international business and other business. It derives the majority of its revenues through its distressed asset management services.

Executives

China Life Franklin Asset Management Co., Limited	2102 Investment manager
China Life Insurance (group) Company	2101 Beneficial owner
China Cinda Asset Management Co., Ltd.	2101 Beneficial owner
Gong Yin Jin Rong Zi Chan Tou Zi You Xian Gong Si	2101 Beneficial owner
Zhong Guo Gong Shang Yin Hang Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Quan Guo She Hui Bao Zhang Ji Jin Li Shi Hui	2101 Beneficial owner
Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Warburg Pincus Xi, L.p.	2201 Interest of corporation controlled by you
Wp Xi International Ii Ltd	2201 Interest of corporation controlled by you
Wp Global Llc	2201 Interest of corporation controlled by you
Warburg Pincus Private Equity Xi, L.p.	2201 Interest of corporation controlled by you
Warburg Pincus & Co.	2201 Interest of corporation controlled by you
Sino-ocean Group Holding Limited	2201 Interest of corporation controlled by you
Wisdom City Enterprises Limited	2201 Interest of corporation controlled by you
Sol Investment Fund Lp	2201 Interest of corporation controlled by you

China CITIC Financial Asset Management Co (HKSE:02799) Headlines

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