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Tencent Holdings 6-1 Month Momentum %

: -27.21% (As of Today)
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6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2022-08-10), Tencent Holdings's 6-1 Month Momentum % is -27.21%.

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

HKSE:00700's 6-1 Month Momentum % is ranked worse than
54.49% of 602 companies
in the Interactive Media industry
Industry Median: -24.14 vs HKSE:00700: -27.21

Competitive Comparison

For the Internet Content & Information subindustry, Tencent Holdings'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.

   

Tencent Holdings 6-1 Month Momentum % Distribution

For the Interactive Media industry and Communication Services sector, Tencent Holdings's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Tencent Holdings's 6-1 Month Momentum % falls into.



Tencent Holdings  (HKSE:00700) 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.


Tencent Holdings  (HKSE:00700) 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.


Tencent Holdings 6-1 Month Momentum % Related Terms

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Tencent Holdings Business Description

Tencent Holdings logo
Address
No. 33 Haitian 2nd Road, Tencent Binhai Towers, Nanshan District, Shenzhen, CHN, 518054
Tencent is arguably the most influential internet firm in China as one can hardly go by a day without using its products. Tencent is the world's largest video game vendor and owns the world's top-grossing mobile game--Honor of Kings. Tencent also runs China's largest social media super app--WeChat. The app is now part of the fabric of life for Chinese people who use it to chat, shop, watch videos, play games, order food and taxis, and more. Equally as impressive as its own portfolio, Tencent is also among the world's largest venture capital and investment corporations. The firm is now one of the largest shareholders in leading tech companies like Meituan, JD, DiDi, Snap, PDD, Kuaishou, Epic Games, and more.

Tencent Holdings Headlines

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