Victor Group Holdings (ASX:VIG) 6-1 Month Momentum % : 76.67% (As of Dec. 14, 2024)

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What is Victor Group Holdings 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 (2024-12-14), Victor Group Holdings's 6-1 Month Momentum % is 76.67%.

The industry rank for Victor Group Holdings's 6-1 Month Momentum % or its related term are showing as below:

ASX:VIG's 6-1 Month Momentum % is ranked better than
93.15% of 2817 companies
in the Software industry
Industry Median: -0.45 vs ASX:VIG: 76.67

Competitive Comparison of Victor Group Holdings's 6-1 Month Momentum %

For the Software - Application subindustry, Victor Group Holdings'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.

Victor Group Holdings's 6-1 Month Momentum % Distribution in the Software Industry

For the Software industry and Technology sector, Victor Group Holdings's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Victor Group Holdings's 6-1 Month Momentum % falls into.

Victor Group Holdings (ASX:VIG) 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.

Victor Group Holdings (ASX:VIG) 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.

Victor Group Holdings 6-1 Month Momentum % Related Terms

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Victor Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Victor Group Holdings Ltd (ASX:VIG) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Bligh Street, Level 26, Sydney, NSW, AUS, 2000

Website

http://www.sinovictor.com

Victor Group Holdings Ltd is engaged in providing Infrastructure as a Service (IaaS), Software as a Service (SaaS), and Platform as a Service (PaaS) solutions; building and operating cloud based platforms for education, and data management platforms for corporate and government clients. It also provides cloud-based e-learning solutions for educational institutions. The company operates in two segments first consisting of SaaS, IaaS, and PaaS solutions which derives key revenue, and the second being Cloud Education. Geographically, the company operates in the People's Republic of China (PRC) which is also its key revenue generating market, and Australia.