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Newton Resources (HKSE:01231) 6-1 Month Momentum % : -19.05% (As of Dec. 11, 2024)


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What is Newton Resources 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 (2024-12-11), Newton Resources's 6-1 Month Momentum % is -19.05%.

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

HKSE:01231's 6-1 Month Momentum % is ranked worse than
81.34% of 659 companies
in the Steel industry
Industry Median: -4.49 vs HKSE:01231: -19.05

Competitive Comparison of Newton Resources's 6-1 Month Momentum %

For the Steel subindustry, Newton Resources'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.


Newton Resources's 6-1 Month Momentum % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Newton Resources's 6-1 Month Momentum % distribution charts can be found below:

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



Newton Resources  (HKSE:01231) 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.


Newton Resources  (HKSE:01231) 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.


Newton Resources 6-1 Month Momentum % Related Terms

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Newton Resources Business Description

Traded in Other Exchanges
N/A
Address
248 Queen's Road East, Units 4204-05, 42/Floor, Dah Sing Financial Centre, Wan Chai, HKG
Newton Resources Ltd is engaged in the trading of iron ore and other commodities. The company recognized revenue derived from sales of iron ore products and other commodities from Mainland China which derives key revenue, and other countries.
Executives
Cheng Yu Tung Family (holdings Ii) Limited 2201 Interest of corporation controlled by you
Cheng Yu Tung Family (holdings) Limited 2201 Interest of corporation controlled by you
Chow Tai Fook (holding) Limited 2201 Interest of corporation controlled by you
Chow Tai Fook Capital Limited 2201 Interest of corporation controlled by you
Chow Tai Fook Enterprises Limited 2201 Interest of corporation controlled by you
Century Acquisition Limited 2201 Interest of corporation controlled by you
Nws Holdings Limited 2201 Interest of corporation controlled by you
New World Development Company Limited 2201 Interest of corporation controlled by you
Faithful Boom Investments Limited 2101 Beneficial owner
Modern Global Holdings Limited 2201 Interest of corporation controlled by you
Nws Mining Limited 2201 Interest of corporation controlled by you
Nws Resources Limited 2201 Interest of corporation controlled by you
Perfect Move Limited 2201 Interest of corporation controlled by you
Vms Investment Group Limited 2101 Beneficial owner
Fast Fortune Holdings Limited 2101 Beneficial owner

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