Thang Long Investment Group (HSTC:TIG) 6-1 Month Momentum % : 10.90% (As of May. 23, 2024)

View and export this data going back to 2010. Start your Free Trial

What is Thang Long Investment Group 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 (2024-05-23), Thang Long Investment Group's 6-1 Month Momentum % is 10.90%.

The industry rank for Thang Long Investment Group's 6-1 Month Momentum % or its related term are showing as below:

HSTC:TIG's 6-1 Month Momentum % is not ranked
in the Asset Management industry.
Industry Median: 3.895 vs HSTC:TIG: 10.90

Competitive Comparison of Thang Long Investment Group's 6-1 Month Momentum %

For the Asset Management subindustry, Thang Long Investment Group'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.

Thang Long Investment Group's 6-1 Month Momentum % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Thang Long Investment Group's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Thang Long Investment Group's 6-1 Month Momentum % falls into.

Thang Long Investment Group (HSTC:TIG) 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.

Thang Long Investment Group (HSTC:TIG) 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.

Thang Long Investment Group 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Thang Long Investment Group's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.

Thang Long Investment Group (HSTC:TIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Thang Long Investment Group (HSTC:TIG) » Definitions » 6-1 Month Momentum %

Traded in Other Exchanges

N/A

Address

Mac Thai Tong Street, Lot 3-E9 Cau Giay New Urban Area, Trung Hoa Ward Cau Giay, Hanoi, VNM

Website

http://www.thanglonginvestgroup.vn

Thang Long Investment Group is an investment company. The company operates in the fields of Real Estate wherein the company has managed and owned projects. Distribution field deals with distribution of household products such as electronics and home appliances in Vietnam, and Retail field owns and develops electric bicycle chain stores and also distributes building materials for civil construction works, and transport infrastructure. It is also involved in other sectors such as tourism, trading, communication services in Vietnam. Some of the company's projects are King's Garden Resort and Villas, Vantri Ecoland Project, TIG Dai Mo Green Garden House Project, and others.