Giang Mechanical JSC (HSTC:CKA) 6-1 Month Momentum % : 30.34% (As of Jun. 20, 2024)

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What is Giang Mechanical JSC 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 (2024-06-20), Giang Mechanical JSC's 6-1 Month Momentum % is 30.34%.

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

HSTC:CKA's 6-1 Month Momentum % is ranked better than
81.13% of 212 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 4.085 vs HSTC:CKA: 30.34

Competitive Comparison of Giang Mechanical JSC's 6-1 Month Momentum %

For the Farm & Heavy Construction Machinery subindustry, Giang Mechanical JSC'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.

Giang Mechanical JSC's 6-1 Month Momentum % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Giang Mechanical JSC's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Giang Mechanical JSC's 6-1 Month Momentum % falls into.

Giang Mechanical JSC (HSTC:CKA) 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.

Giang Mechanical JSC (HSTC:CKA) 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.

Giang Mechanical JSC 6-1 Month Momentum % Related Terms

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Giang Mechanical JSC (HSTC:CKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Giang Mechanical JSC (HSTC:CKA) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

839 Tran Hung Dao, Binh Khanh Ward, An Giang Province, Long Xuyen, VNM

Website

http://www.cokhiangiang.com

Giang Mechanical JSC is a manufacturer and supplier of machinery and mechanical products for fields of agricultural production, which cover farming, harvesting, processing, packaging, storing, and transporting; engine, automobile, stone-mining, steel-bridge, and civil construction. Its product portfolio includes Rice Reaper, Bran drying system, Furnace rice husk, Screw conveyor, Souffle dough making machine, and Electric generator among others.

Giang Mechanical JSC (HSTC:CKA) Headlines

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