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Goldstone Capital Group (HKSE:01160) 6-1 Month Momentum % : -28.14% (As of Dec. 12, 2024)


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What is Goldstone Capital Group 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 (2024-12-12), Goldstone Capital Group's 6-1 Month Momentum % is -28.14%.

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

HKSE:01160's 6-1 Month Momentum % is ranked worse than
91.52% of 1733 companies
in the Asset Management industry
Industry Median: 2.86 vs HKSE:01160: -28.14

Competitive Comparison of Goldstone Capital Group's 6-1 Month Momentum %

For the Asset Management subindustry, Goldstone Capital Group'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.


Goldstone Capital Group's 6-1 Month Momentum % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Goldstone Capital Group's 6-1 Month Momentum % distribution charts can be found below:

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



Goldstone Capital Group  (HKSE:01160) 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.


Goldstone Capital Group  (HKSE:01160) 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.


Goldstone Capital Group 6-1 Month Momentum % Related Terms

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Goldstone Capital Group Business Description

Traded in Other Exchanges
N/A
Address
12 Harcourt Road, Room 1801A, 18th Floor, Bank of America Tower, Admiralty, Hong Kong, HKG
Goldstone Capital Group Ltd is an investment holding company. The company is principally engaged in investing in listed and unlisted enterprises established in Hong Kong, the People's Republic of China, and other regions with the potential for earnings growth and capital appreciation. It generates revenue from Dividend income and Interest income.
Executives
Luo Yan
Sunwah Tungfang Limited
Dt Capital Limited 2101 Beneficial owner
Gold Pond International Limited 2101 Beneficial owner
Huang Bin 2201 Interest of corporation controlled by you
Radiant Goldstone Holdings Limited 2201 Interest of corporation controlled by you

Goldstone Capital Group Headlines

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