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Macau Legend Development (HKSE:01680) 6-1 Month Momentum % : -10.50% (As of Jul. 13, 2024)


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What is Macau Legend Development 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 (2024-07-13), Macau Legend Development's 6-1 Month Momentum % is -10.50%.

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

HKSE:01680's 6-1 Month Momentum % is ranked worse than
66.55% of 891 companies
in the Travel & Leisure industry
Industry Median: -1.91 vs HKSE:01680: -10.50

Competitive Comparison of Macau Legend Development's 6-1 Month Momentum %

For the Resorts & Casinos subindustry, Macau Legend Development'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.


Macau Legend Development's 6-1 Month Momentum % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Macau Legend Development's 6-1 Month Momentum % distribution charts can be found below:

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



Macau Legend Development  (HKSE:01680) 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.


Macau Legend Development  (HKSE:01680) 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.


Macau Legend Development 6-1 Month Momentum % Related Terms

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Macau Legend Development (HKSE:01680) Business Description

Traded in Other Exchanges
N/A
Address
Avenida da Amizade e Avenida da, Palace Building, Macau Fisherman’s Wharf, Dr. Sun Yat Sen, Macau, MAC
Macau Legend Development Ltd is an investment holdings company. The company is one of the owners of entertainment and casino gaming facilities in Macau. The company currently has Macau Fisherman's Wharf operated by MFW Investment (MFW), which is a waterfront integrated gaming, hotel, convention and entertainment complex located on the Macau Peninsula. The company's businesses include 1) the provision of gaming services to SJM for the operation of Legend Palace Casino; 2) the operation of casino inside Savan Legend Resorts Hotel and Entertainment Complex in the Lao People's Democratic Republic (Lao PDR); and 3) the operation of hotels, entertainment and leisure facilities within its properties.
Executives
Chow Kam Fai, David
Chan Weng Lin
Wu Jo Hsuan 2202 Interest of your spouse
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Chan Mei Yi, Melinda
Chan Un Chan 2201 Interest of corporation controlled by you
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Li Chi Keung
Wong Hoi Ping
Elite Success International Limited 2101 Beneficial owner

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