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Bank of Qingdao Co (SZSE:002948) 6-1 Month Momentum % : 10.62% (As of Dec. 14, 2024)


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What is Bank of Qingdao 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 (2024-12-14), Bank of Qingdao Co's 6-1 Month Momentum % is 10.62%.

The industry rank for Bank of Qingdao Co's 6-1 Month Momentum % or its related term are showing as below:

SZSE:002948's 6-1 Month Momentum % is ranked better than
72.63% of 1611 companies
in the Banks industry
Industry Median: 9.62 vs SZSE:002948: 10.62

Competitive Comparison of Bank of Qingdao Co's 6-1 Month Momentum %

For the Banks - Regional subindustry, Bank of Qingdao 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.


Bank of Qingdao Co's 6-1 Month Momentum % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank of Qingdao Co's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Bank of Qingdao Co's 6-1 Month Momentum % falls into.



Bank of Qingdao Co  (SZSE:002948) 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.


Bank of Qingdao Co  (SZSE:002948) 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.


Bank of Qingdao Co 6-1 Month Momentum % Related Terms

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Bank of Qingdao Co Business Description

Traded in Other Exchanges
Address
No. 6 Qinling Road, Building 3, Laoshan District, Shandong Province, Qingdao, CHN, 266061
Bank of Qingdao Co Ltd is engaged in the banking business. Its main segments include corporate banking, retail banking, and financial market business. The corporate banking segment offers financial products and services to corporations, government agencies, and financial institutions. The retail banking segments comprise personal loans and deposit services, whereas the financial market business covers inter-bank money market transactions, repurchases transactions, investments in debt securities, and non-standardized debt investments, and others. It generates majority of its revenue from the corporate business segment.
Executives
Tan Li Xia Director

Bank of Qingdao Co Headlines

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