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Hanchang Paper Co (XKRX:009460) 6-1 Month Momentum % : -14.71% (As of Dec. 14, 2024)


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What is Hanchang Paper 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), Hanchang Paper Co's 6-1 Month Momentum % is -14.71%.

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

XKRX:009460's 6-1 Month Momentum % is ranked worse than
69.46% of 298 companies
in the Forest Products industry
Industry Median: -5.225 vs XKRX:009460: -14.71

Competitive Comparison of Hanchang Paper Co's 6-1 Month Momentum %

For the Paper & Paper Products subindustry, Hanchang Paper 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.


Hanchang Paper Co's 6-1 Month Momentum % Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Hanchang Paper Co's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Hanchang Paper Co's 6-1 Month Momentum % falls into.



Hanchang Paper Co  (XKRX:009460) 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.


Hanchang Paper Co  (XKRX:009460) 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.


Hanchang Paper Co 6-1 Month Momentum % Related Terms

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Hanchang Paper Co Business Description

Traded in Other Exchanges
N/A
Address
270 Yong Dang-Ri, Ungsang-Eup, Yangsan, KOR, 626-290
Hanchang Paper Co Ltd is involved in developing, manufacturing, and selling bio-degradable bio-mass materials/products in South Korea. It offers art boards under the I PAPERS brand; duplex boards, including ivory, SC, and TM paperboards; and functional white paper boards. The company also provides cups, lids, sleeves, shopping bags/ envelopes, films, forks/spoons/knives, and various kind of containers under the Greenus brand name.

Hanchang Paper Co Headlines

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