GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Icon Culture Global Co Ltd (HKSE:08500) » Definitions » 6-1 Month Momentum %

Icon Culture Global Co (HKSE:08500) 6-1 Month Momentum % : -2.04% (As of May. 23, 2024)


View and export this data going back to 2020. Start your Free Trial

What is Icon Culture Global 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 (2024-05-23), Icon Culture Global Co's 6-1 Month Momentum % is -2.04%.

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

HKSE:08500's 6-1 Month Momentum % is ranked better than
52.16% of 1064 companies
in the Media - Diversified industry
Industry Median: -2.865 vs HKSE:08500: -2.04

Competitive Comparison of Icon Culture Global Co's 6-1 Month Momentum %

For the Advertising Agencies subindustry, Icon Culture Global 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.


Icon Culture Global Co's 6-1 Month Momentum % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Icon Culture Global Co's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Icon Culture Global Co's 6-1 Month Momentum % falls into.



Icon Culture Global Co  (HKSE:08500) 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.


Icon Culture Global Co  (HKSE:08500) 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.


Icon Culture Global Co 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Icon Culture Global Co's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Icon Culture Global Co (HKSE:08500) Business Description

Traded in Other Exchanges
N/A
Address
No. 62 Jinsui Road, 29th Floor, Kingold Century, Zhujiang New Town, Tianhe District, Guangzhou Province, CHN
Icon Culture Global Co Ltd is a multimedia advertising and marketing solution service provider in China. The company provides advertising and marketing solutions covering traditional offline media including both OOH and indoor advertising platforms; online media; public relations, marketing campaigns, and other services to its customers that consist of brand owners, state-owned entities in China, advertising agencies, and government authorities. Its integrated multimedia advertising and marketing solution services are focused on the formulation of advertising strategies for its customers and identifying and sourcing the appropriate advertising resources and formats to maximize the effectiveness of its customers' advertisements.

Icon Culture Global Co (HKSE:08500) Headlines

No Headlines