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Changmao Biochemical Engineering Co (HKSE:00954) 12-1 Month Momentum % : -65.14% (As of Apr. 24, 2024)


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What is Changmao Biochemical Engineering Co 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-24), Changmao Biochemical Engineering Co's 12-1 Month Momentum % is -65.14%.

The industry rank for Changmao Biochemical Engineering Co's 12-1 Month Momentum % or its related term are showing as below:

HKSE:00954's 12-1 Month Momentum % is ranked worse than
97.37% of 1560 companies
in the Chemicals industry
Industry Median: -4.945 vs HKSE:00954: -65.14

Competitive Comparison of Changmao Biochemical Engineering Co's 12-1 Month Momentum %

For the Specialty Chemicals subindustry, Changmao Biochemical Engineering Co's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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.


Changmao Biochemical Engineering Co's 12-1 Month Momentum % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Changmao Biochemical Engineering Co's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Changmao Biochemical Engineering Co's 12-1 Month Momentum % falls into.



Changmao Biochemical Engineering Co  (HKSE:00954) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-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.


Changmao Biochemical Engineering Co  (HKSE:00954) 12-1 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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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.


Changmao Biochemical Engineering Co 12-1 Month Momentum % Related Terms

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Changmao Biochemical Engineering Co (HKSE:00954) Business Description

Traded in Other Exchanges
N/A
Address
No. 1228 Chang Jiang Bei Road, New North Zone, Jiangsu Province, Changzhou City, CHN, 213034
Changmao Biochemical Engineering Co Ltd is an organic acid producer in the PRC. It produces organic acids products for sale to the food additive, chemical, and pharmaceutical industries. Its products are organic acids and their derivatives with four carbons in their structures including fumaric acid, maleic acid, L-malic acid, D-malic acid, DL-malic acid, L(+)-tartaric acid, D(-)-tartaric acid, DL-tartaric acid, L-aspartic acid, and aspartame. These products are used as food additives or medical intermediaries. Its products are produced along vertical production chains. Its geographic locations include Mainland China, Europe includes Great Britain, Germany, Turkey, Spain, and Italy, Asia Pacific includes Hong Kong, Indonesia, Australia, India, Thailand and Japan, America, and Others.

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