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Zhejiang Jiezhong Science and Technology Co (BJSE:873690) 6-1 Month Momentum % : 108.48% (As of Dec. 15, 2024)


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What is Zhejiang Jiezhong Science and 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 (2024-12-15), Zhejiang Jiezhong Science and Technology Co's 6-1 Month Momentum % is 108.48%.

The industry rank for Zhejiang Jiezhong Science and Technology Co's 6-1 Month Momentum % or its related term are showing as below:

BJSE:873690's 6-1 Month Momentum % is ranked better than
97.48% of 1310 companies
in the Vehicles & Parts industry
Industry Median: -4.095 vs BJSE:873690: 108.48

Competitive Comparison of Zhejiang Jiezhong Science and Technology Co's 6-1 Month Momentum %

For the Auto Parts subindustry, Zhejiang Jiezhong Science and 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.


Zhejiang Jiezhong Science and Technology Co's 6-1 Month Momentum % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zhejiang Jiezhong Science and Technology Co's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Zhejiang Jiezhong Science and Technology Co's 6-1 Month Momentum % falls into.



Zhejiang Jiezhong Science and Technology Co  (BJSE:873690) 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.


Zhejiang Jiezhong Science and Technology Co  (BJSE:873690) 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.


Zhejiang Jiezhong Science and Technology Co 6-1 Month Momentum % Related Terms

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Zhejiang Jiezhong Science and Technology Co Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Anchang Jiezhong Science and Technology Industrial Park, Keqiao District, Zhejiang Province, Shaoxing, CHN, 312055
Zhejiang Jiezhong Science and Technology Co Ltd is engaged in research and development, production and sales of precision automotive parts such as automotive wiper system components, automotive door and window system components and automotive air conditioning system components.

Zhejiang Jiezhong Science and Technology Co Headlines

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