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Chia Ta World Co (TPE:2033) 12-1 Month Momentum % : 7.24% (As of Jun. 07, 2024)


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What is Chia Ta World Co 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-06-07), Chia Ta World Co's 12-1 Month Momentum % is 7.24%.

The industry rank for Chia Ta World Co's 12-1 Month Momentum % or its related term are showing as below:

TPE:2033's 12-1 Month Momentum % is ranked better than
52.88% of 643 companies
in the Steel industry
Industry Median: 5.6 vs TPE:2033: 7.24

Competitive Comparison of Chia Ta World Co's 12-1 Month Momentum %

For the Steel subindustry, Chia Ta World Co's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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.


Chia Ta World Co's 12-1 Month Momentum % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Chia Ta World Co's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Chia Ta World Co's 12-1 Month Momentum % falls into.



Chia Ta World Co  (TPE:2033) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-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.


Chia Ta World Co  (TPE:2033) 12-1 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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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.


Chia Ta World Co 12-1 Month Momentum % Related Terms

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Chia Ta World Co (TPE:2033) Business Description

Traded in Other Exchanges
N/A
Address
Number 16 Lane 317, Chung Cheng North Road, YongKang District, Tainan, TWN
Chia Ta World Co Ltd is engaged in the manufacturing, processing, and distribution of steel products like high carbon steel wires, galvanized steel wires, wire stands, ungalvanized steel bars, and pre stressed concrete steel bars. The Company's products products are widely used in Spring/Suspension Industry, Mattress Manufacturing, Pre-stressed Concrete Products Industry, Infrastructure (Bridges, Beams, and Civil Engineering), Construction Industry and much more.

Chia Ta World Co (TPE:2033) Headlines

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