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WXIBF (WuXi Biologics (Cayman)) 6-1 Month Momentum % : 31.58% (As of Dec. 12, 2024)


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What is WuXi Biologics (Cayman) 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 (2024-12-12), WuXi Biologics (Cayman)'s 6-1 Month Momentum % is 31.58%.

The industry rank for WuXi Biologics (Cayman)'s 6-1 Month Momentum % or its related term are showing as below:

WXIBF's 6-1 Month Momentum % is ranked better than
88.62% of 1476 companies
in the Biotechnology industry
Industry Median: -7.78 vs WXIBF: 31.58

Competitive Comparison of WuXi Biologics (Cayman)'s 6-1 Month Momentum %

For the Biotechnology subindustry, WuXi Biologics (Cayman)'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.


WuXi Biologics (Cayman)'s 6-1 Month Momentum % Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, WuXi Biologics (Cayman)'s 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where WuXi Biologics (Cayman)'s 6-1 Month Momentum % falls into.



WuXi Biologics (Cayman)  (OTCPK:WXIBF) 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.


WuXi Biologics (Cayman)  (OTCPK:WXIBF) 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.


WuXi Biologics (Cayman) 6-1 Month Momentum % Related Terms

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WuXi Biologics (Cayman) Business Description

Traded in Other Exchanges
Address
No. 108, Meiliang Road, Mashan Binhu District, Wuxi, CHN, 214092
WuXi Biologics is one of the largest global biologics CRDMOs. WuXi Biologics, incorporated in 2014 following the reorganization of WuXi PharmaTech, later known as WuXi AppTec, now has global revenue of CNY 17 billion. North America represented 47.4% of total revenue in 2023. It adopts the follow and win the molecule strategy by providing end-to-end services, from drug discovery to commercial manufacturing. It also adopts a global dual-sourcing strategy by providing drug products and large-scale drug substance manufacturing.