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Jinhui Shipping and Transportation (OSL:JIN) 6-1 Month Momentum % : -18.03% (As of Dec. 11, 2024)


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What is Jinhui Shipping and Transportation 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), Jinhui Shipping and Transportation's 6-1 Month Momentum % is -18.03%.

The industry rank for Jinhui Shipping and Transportation's 6-1 Month Momentum % or its related term are showing as below:

OSL:JIN's 6-1 Month Momentum % is ranked worse than
83.57% of 1041 companies
in the Transportation industry
Industry Median: -0.78 vs OSL:JIN: -18.03

Competitive Comparison of Jinhui Shipping and Transportation's 6-1 Month Momentum %

For the Marine Shipping subindustry, Jinhui Shipping and Transportation'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.


Jinhui Shipping and Transportation's 6-1 Month Momentum % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jinhui Shipping and Transportation's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Jinhui Shipping and Transportation's 6-1 Month Momentum % falls into.



Jinhui Shipping and Transportation  (OSL:JIN) 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.


Jinhui Shipping and Transportation  (OSL:JIN) 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.


Jinhui Shipping and Transportation 6-1 Month Momentum % Related Terms

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Jinhui Shipping and Transportation Business Description

Traded in Other Exchanges
Address
1-6 Connaught Road West, 26th Floor, Yardley Commercial Building, Hong Kong, HKG
Jinhui Shipping and Transportation Ltd is an investment holding company. Along with its subsidiaries, it is engaged in ship chartering and ship-owning business carried out internationally. Geographically, it operates in various countries like China, Singapore, Japan, Switzerland, South Korea, Norway, and the United Kingdom. The majority of its revenue comes from its customers in China.

Jinhui Shipping and Transportation Headlines

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