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CLPS (CLPS) 6-1 Month Momentum % : 26.58% (As of Dec. 15, 2024)


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What is CLPS 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), CLPS's 6-1 Month Momentum % is 26.58%.

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

CLPS's 6-1 Month Momentum % is ranked better than
74.16% of 2817 companies
in the Software industry
Industry Median: -0.45 vs CLPS: 26.58

Competitive Comparison of CLPS's 6-1 Month Momentum %

For the Information Technology Services subindustry, CLPS'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.


CLPS's 6-1 Month Momentum % Distribution in the Software Industry

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

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



CLPS  (NAS:CLPS) 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.


CLPS  (NAS:CLPS) 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.


CLPS 6-1 Month Momentum % Related Terms

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CLPS Business Description

Industry
Traded in Other Exchanges
N/A
Address
c/o Unit 1000, 10th Floor, Millennium City III, 370 Kwun Tong Road, Kwun Tong, Kowloon, Hong Kong, HKG
CLPS Inc is a holding company. The company through its subsidiaries provides information technology consulting and solutions institutions in the banking, insurance, and financial sectors, both in China and globally. Its products are Risk Control Platform, Transaction Acquiring Platform, Debt Collection Platform, Virtual Bank Training Platform, Credit Card System, and other related products. The company generates its revenue from IT consulting services, Customized IT solution services, and others. Generating the majority of its revenue from the IT consulting service.