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Tsingtao Brewery Co (HKSE:00168) 6-1 Month Momentum % : -5.48% (As of Dec. 14, 2024)


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What is Tsingtao Brewery 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 (2024-12-14), Tsingtao Brewery Co's 6-1 Month Momentum % is -5.48%.

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

HKSE:00168's 6-1 Month Momentum % is ranked worse than
58.3% of 235 companies
in the Beverages - Alcoholic industry
Industry Median: -2.79 vs HKSE:00168: -5.48

Competitive Comparison of Tsingtao Brewery Co's 6-1 Month Momentum %

For the Beverages - Brewers subindustry, Tsingtao Brewery 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.


Tsingtao Brewery Co's 6-1 Month Momentum % Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Tsingtao Brewery Co's 6-1 Month Momentum % distribution charts can be found below:

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



Tsingtao Brewery Co  (HKSE:00168) 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.


Tsingtao Brewery Co  (HKSE:00168) 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.


Tsingtao Brewery Co 6-1 Month Momentum % Related Terms

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Tsingtao Brewery Co Business Description

Address
No. 35, Donghai West Road, Tsingtao Beer Tower, Shandong Province, Qingdao, CHN, 266071
With over 100 years of history, Tsingtao Brewery has become one of the leading brewers in China with its namesake Tsingtao brand. The company has a dominant position in its core market, Shandong province, which contributed close to 60% of its revenue and net profit in 2023. Unlike other major brewers, Tsingtao Brewery's brand umbrellas consist entirely of domestic brands. The Tsingtao brand has a mid-range to high-end market positioning and contributed over half of its volume whereas the mass market Laoshan brand targets the mainstream segment, with a declining volume mix as the company sought to premiumize its portfolio.
Executives
Jpmorgan Chase & Co.
Fil Limited 2201 Interest of corporation controlled by you
Pandanus Associates Inc. 2201 Interest of corporation controlled by you
Pandanus Partners L.p. 2201 Interest of corporation controlled by you
Blackrock, Inc. 2201 Interest of corporation controlled by you
Fmr Llc 2201 Interest of corporation controlled by you
Citigroup Inc. 2502 Approved lending agent
T. Rowe Price Associates, Inc. And Its Affiliates 2101 Beneficial owner
Qing Dao Pi Jiu Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Qing Dao Shi Ren Min Zheng Fu Guo You Zi Chan Jian Du Guan Li Wei Yuan Hui 2201 Interest of corporation controlled by you
Xiang Gang Xin Hai Sheng Tou Zi Fa Zhan You Xian Gong Si 2101 Beneficial owner

Tsingtao Brewery Co Headlines

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