China Chengtong Development Group (HKSE:00217) 6-Month Price Index : 1.03 (As of Jun. 08, 2024)

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What is China Chengtong Development Group 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-06-08), China Chengtong Development Group's 6-Month Price Index is 1.03.

Competitive Comparison of China Chengtong Development Group's 6-Month Price Index

For the Steel subindustry, China Chengtong Development Group's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index 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.

China Chengtong Development Group (HKSE:00217) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index

Current Share Price

Share Price 6-Months Ago

* 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.

China Chengtong Development Group (HKSE:00217) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

China Chengtong Development Group 6-Month Price Index Related Terms

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China Chengtong Development Group (HKSE:00217) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Chengtong Development Group Ltd (HKSE:00217) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

CCO:Germany

Address

18 Harbour Road, Suite 6406, 64th Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

http://www.hk217.com

China Chengtong Development Group is an investment holding company and has its operations divided into five business segments: property development, property investment, finance leasing, bulk commodity trade, and marine recreation services and hotel. The property development segment holds land for property development projects. The property investment segment offers rental services and holds investment properties for appreciation. The finance leasing segment offers finance leasing services, such as arranging sales and leaseback transactions. The bulk commodity trade segment, which generates the vast majority of the company's revenue, includes the trading of coal, steel, and nonferrous metal. The company earns its revenue in the People's Republic of China.

Executives

China Chengtong Holdings Group Limited	2201 Interest of corporation controlled by you
China Chengtong Hong Kong Company Limited	2101 Beneficial owner

China Chengtong Development Group (HKSE:00217) Headlines

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