Shanghai i2Finance Technology Co (BJSE:830799) 6-1 Month Momentum % : -17.52% (As of Jun. 20, 2024)

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What is Shanghai i2Finance Technology Co 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 (2024-06-20), Shanghai i2Finance Technology Co's 6-1 Month Momentum % is -17.52%.

The industry rank for Shanghai i2Finance Technology Co's 6-1 Month Momentum % or its related term are showing as below:

BJSE:830799's 6-1 Month Momentum % is ranked worse than
73.5% of 2811 companies
in the Software industry
Industry Median: -2.23 vs BJSE:830799: -17.52

Competitive Comparison of Shanghai i2Finance Technology Co's 6-1 Month Momentum %

For the Software - Infrastructure subindustry, Shanghai i2Finance Technology Co'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.

Shanghai i2Finance Technology Co's 6-1 Month Momentum % Distribution in the Software Industry

For the Software industry and Technology sector, Shanghai i2Finance Technology Co's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Shanghai i2Finance Technology Co's 6-1 Month Momentum % falls into.

Shanghai i2Finance Technology Co (BJSE:830799) 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.

Shanghai i2Finance Technology Co (BJSE:830799) 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.

Shanghai i2Finance Technology Co 6-1 Month Momentum % Related Terms

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Shanghai i2Finance Technology Co (BJSE:830799) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shanghai i2Finance Technology Co Ltd (BJSE:830799) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 958, Lujiazui Ring Road,, 4th Floor, Room 403, Huaneng United Building, Pudong New Area, Shanghai, CHN, 200120

Website

http://www.i2finance.net

Shanghai i2Finance Technology Co Ltd engages in technical development and services of Internet financial software products subdivided into the financial IT field. It covers all fields of financial IT, from commercial bank core business system and peripheral IT system construction to business consulting, platform construction, security assurance, operation support, and marketing customer acquisition, to help customers achieve digital transformation.

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