6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-27), IT Tech Packaging's 6-1 Month Momentum % is -15.81%.
The industry rank for IT Tech Packaging's 6-1 Month Momentum % or its related term are showing as below:
ITP's 6-1 Month Momentum % is ranked worse than 83.44% of 308
companies
in the Forest Products industry
Industry Median: 2.64
vs ITP: -15.81
Competitive Comparison of IT Tech Packaging's 6-1 Month Momentum %
For the Paper & Paper Products subindustry, IT Tech Packaging'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.
IT Tech Packaging's 6-1 Month Momentum % Distribution in the Forest Products Industry
For the Forest Products industry and Basic Materials sector, IT Tech Packaging's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where IT Tech Packaging's 6-1 Month Momentum % falls into.
IT Tech Packaging (AMEX:ITP) 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.
IT Tech Packaging (AMEX:ITP) 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.
IT Tech Packaging 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of IT Tech Packaging's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
IT Tech Packaging (IT Tech Packaging) Business Description
IT Tech Packaging Inc is a holding company engaged in the business of paper manufacturing in China. The company operates as a producer and distributor of paper products. It involves in production and distribution of three categories of paper products: packing paper (corrugating medium paper), offset printing paper, and tissue paper products. It also produces digital photo paper. Its business is structured into two segments Dongfang Paper and Tengsheng Paper which produces offset printing paper and corrugating medium paper, tissue paper and Baoding Shengde which produces face masks and digital photo paper.
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