China New Town Development Co (HKSE:01278) 6-1 Month Momentum % : 17.19% (As of May. 29, 2024)

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What is China New Town Development 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 (2024-05-29), China New Town Development Co's 6-1 Month Momentum % is 17.19%.

The industry rank for China New Town Development Co's 6-1 Month Momentum % or its related term are showing as below:

HKSE:01278's 6-1 Month Momentum % is ranked worse than
58.53% of 1888 companies
in the Real Estate industry
Industry Median: -0.5 vs HKSE:01278: 17.19

Competitive Comparison of China New Town Development Co's 6-1 Month Momentum %

For the Real Estate - Development subindustry, China New Town Development 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.

China New Town Development Co's 6-1 Month Momentum % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China New Town Development Co's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where China New Town Development Co's 6-1 Month Momentum % falls into.

China New Town Development Co (HKSE:01278) 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.

China New Town Development Co (HKSE:01278) 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.

China New Town Development Co 6-1 Month Momentum % Related Terms

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China New Town Development Co (HKSE:01278) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China New Town Development Co Ltd (HKSE:01278) » Definitions » 6-1 Month Momentum %

Traded in Other Exchanges

N/A

Address

1 Austin Road West, 8203B-04A International Commerce Centre, Kowloon, Hong Kong, HKG

Website

https://www.china-newtown.com

China New Town Development Co Ltd is engaged in the real estate business. The company is a new town developer in Mainland China and has been engaged in the investment and operation of new types of urbanization and primary land development. The operating segments of the company are the Land development segment which provides land infrastructure development, and construction of ancillary public facilities; the Urbanization development segment which is responsible for investments in new town projects; Property leasing segment which provides property leasing services of investment property; and Others segment which includes the provision of other services. It derives major revenue from the Urbanization development segment.

Executives

Xitong International Holdings (hk) Limited	2101 Beneficial owner
China Development Bank International Holdings Limited	2101 Beneficial owner
Guo Kai Jin Rong You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Guo Jia Kai Fa Yin Xing Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Wu Xi Shi Jiao Tong Chan Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Jiasheng (holding) Investment Limited	2201 Interest of corporation controlled by you
Jiashun (holding) Investment Limited	2201 Interest of corporation controlled by you
Jiaxin Investment (shanghai) Co., Ltd.	2201 Interest of corporation controlled by you
Zhong Guo Min Sheng Tou Zi Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Min Jia Ye Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Sre Investment Holding Limited	2101 Beneficial owner
Jia Yun Investment Limited	2106 Person having a security interest in shares
Shi Jian	2201 Interest of corporation controlled by you
Jia Bo Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you

China New Town Development Co (HKSE:01278) Headlines

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