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CITIC Heavy Industries Co (SHSE:601608) 12-1 Month Momentum % : 18.51% (As of Dec. 13, 2024)


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What is CITIC Heavy Industries 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), CITIC Heavy Industries Co's 12-1 Month Momentum % is 18.51%.

The industry rank for CITIC Heavy Industries Co's 12-1 Month Momentum % or its related term are showing as below:

SHSE:601608's 12-1 Month Momentum % is ranked better than
67.85% of 2949 companies
in the Industrial Products industry
Industry Median: 1.43 vs SHSE:601608: 18.51

Competitive Comparison of CITIC Heavy Industries Co's 12-1 Month Momentum %

For the Specialty Industrial Machinery subindustry, CITIC Heavy Industries 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.


CITIC Heavy Industries Co's 12-1 Month Momentum % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CITIC Heavy Industries Co's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where CITIC Heavy Industries Co's 12-1 Month Momentum % falls into.



CITIC Heavy Industries Co  (SHSE:601608) 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.


CITIC Heavy Industries Co  (SHSE:601608) 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.


CITIC Heavy Industries Co 12-1 Month Momentum % Related Terms

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CITIC Heavy Industries Co Business Description

Traded in Other Exchanges
N/A
Address
206 Jianshe Road, Henan Province, Luoyang, CHN, 471039
CITIC Heavy Industries Co Ltd manufactures and distributes large-scale equipment, large complete sets of technical equipment, large castings and forging. Its products include building materials, mining, metallurgy and environmental protection equipment. Geographically, it operates through China, however, its products are sold in both China and internationally.

CITIC Heavy Industries Co Headlines

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