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Planetree International Development (HKSE:00613) 6-1 Month Momentum % : -46.33% (As of Jun. 09, 2024)


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What is Planetree International Development 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 (2024-06-09), Planetree International Development's 6-1 Month Momentum % is -46.33%.

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

HKSE:00613's 6-1 Month Momentum % is ranked worse than
97.17% of 813 companies
in the Capital Markets industry
Industry Median: 5.92 vs HKSE:00613: -46.33

Competitive Comparison of Planetree International Development's 6-1 Month Momentum %

For the Capital Markets subindustry, Planetree International Development'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.


Planetree International Development's 6-1 Month Momentum % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Planetree International Development's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Planetree International Development's 6-1 Month Momentum % falls into.



Planetree International Development  (HKSE:00613) 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.


Planetree International Development  (HKSE:00613) 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.


Planetree International Development 6-1 Month Momentum % Related Terms

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Planetree International Development (HKSE:00613) Business Description

Traded in Other Exchanges
N/A
Address
28 Marble Road, North Point, 8th Floor, China United Centre, Hong Kong, HKG
Planetree International Development Ltd is a Hong Kong-based investment holding company engaged in diversified businesses. Its segments are Financial services; Credit and lending services; Other financial services segment; Property investment and leasing segment; and Tactical and strategic investment segment. It derives the majority of its revenue from the Financial Services segment which engages in the provision of dealing in securities, margin financing services, dealing in futures contracts, advising on corporate finance, and asset management services with Type 1, Type 2, Type 6, Type 8 and Type 9 licenses granted under the SFO.
Executives
Future Capital Group Limited 2101 Beneficial owner
Lo Ki Yan Karen 2201 Interest of corporation controlled by you

Planetree International Development (HKSE:00613) Headlines

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