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Chongqing Hong Xi Technology Co (BJSE:871857) 6-1 Month Momentum % : -2.42% (As of Jun. 22, 2024)


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What is Chongqing Hong Xi 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 (2024-06-22), Chongqing Hong Xi Technology Co's 6-1 Month Momentum % is -2.42%.

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

BJSE:871857's 6-1 Month Momentum % is ranked worse than
52.13% of 2469 companies
in the Hardware industry
Industry Median: -1.24 vs BJSE:871857: -2.42

Competitive Comparison of Chongqing Hong Xi Technology Co's 6-1 Month Momentum %

For the Electronic Components subindustry, Chongqing Hong Xi 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.


Chongqing Hong Xi Technology Co's 6-1 Month Momentum % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Chongqing Hong Xi Technology Co's 6-1 Month Momentum % distribution charts can be found below:

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



Chongqing Hong Xi Technology Co  (BJSE:871857) 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.


Chongqing Hong Xi Technology Co  (BJSE:871857) 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.


Chongqing Hong Xi Technology Co 6-1 Month Momentum % Related Terms

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Chongqing Hong Xi Technology Co (BJSE:871857) Business Description

Traded in Other Exchanges
N/A
Address
No. 2868 Puti East Road, Changshou District, Chongqing, CHN, 401220
Chongqing Hong Xi Technology Co Ltd engages in the design, research and development, production, and sales of high-precision electronic wire components and miniature electroacoustic devices. The company's products mainly include extremely fine coaxial lines, very fine Teflon lines, and electronic wire, the company's products are mainly used in notebook computers, communications, digital and other products.

Chongqing Hong Xi Technology Co (BJSE:871857) Headlines

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