GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Weihai Guangwei Composites Co Ltd (SZSE:300699) » Definitions » 6-1 Month Momentum %

Weihai Guangwei Composites Co (SZSE:300699) 6-1 Month Momentum % : 26.37% (As of Oct. 31, 2024)


View and export this data going back to 2017. Start your Free Trial

What is Weihai Guangwei Composites 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 (2024-10-31), Weihai Guangwei Composites Co's 6-1 Month Momentum % is 26.37%.

The industry rank for Weihai Guangwei Composites Co's 6-1 Month Momentum % or its related term are showing as below:

SZSE:300699's 6-1 Month Momentum % is ranked better than
86.61% of 1576 companies
in the Chemicals industry
Industry Median: 0.485 vs SZSE:300699: 26.37

Competitive Comparison of Weihai Guangwei Composites Co's 6-1 Month Momentum %

For the Chemicals subindustry, Weihai Guangwei Composites 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.


Weihai Guangwei Composites Co's 6-1 Month Momentum % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Weihai Guangwei Composites Co's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Weihai Guangwei Composites Co's 6-1 Month Momentum % falls into.



Weihai Guangwei Composites Co  (SZSE:300699) 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.


Weihai Guangwei Composites Co  (SZSE:300699) 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.


Weihai Guangwei Composites Co 6-1 Month Momentum % Related Terms

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


Weihai Guangwei Composites Co Business Description

Traded in Other Exchanges
N/A
Address
Tianjin High Road - 130, No. 130 Hi-Tech Zone, Shandong Province, Weihai, CHN, 264202
Weihai Guangwei Composites Co Ltd is engaged in research & development, production and sales of carbon fiber and carbon fiber composite materials.
Executives
Lin Feng Sen Executives
Zhang Yue Yi Directors, executives
Wang Zhuang Zhi Executives
Gao Zhang Xing Executives
Lu Zhao Jun Director
Wang Wen Yi Directors, executives
Li Shu Xiang Director
Tan Xian Cai Independent director

Weihai Guangwei Composites Co Headlines

No Headlines