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Zig Sheng Industrial Co (TPE:1455) 6-1 Month Momentum % : 34.98% (As of May. 27, 2024)


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What is Zig Sheng Industrial Co 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 (2024-05-27), Zig Sheng Industrial Co's 6-1 Month Momentum % is 34.98%.

The industry rank for Zig Sheng Industrial Co's 6-1 Month Momentum % or its related term are showing as below:

TPE:1455's 6-1 Month Momentum % is ranked better than
85.86% of 1160 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: -0.83 vs TPE:1455: 34.98

Competitive Comparison of Zig Sheng Industrial Co's 6-1 Month Momentum %

For the Textile Manufacturing subindustry, Zig Sheng Industrial Co'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.


Zig Sheng Industrial Co's 6-1 Month Momentum % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zig Sheng Industrial Co's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Zig Sheng Industrial Co's 6-1 Month Momentum % falls into.



Zig Sheng Industrial Co  (TPE:1455) 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.


Zig Sheng Industrial Co  (TPE:1455) 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.


Zig Sheng Industrial Co 6-1 Month Momentum % Related Terms

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Zig Sheng Industrial Co (TPE:1455) Business Description

Traded in Other Exchanges
N/A
Address
No. 70, Sining North Road, 2nd Floor, Datong District, Taipei, TWN
Zig Sheng Industrial Co Ltd is a Taiwan-based company principally engaged in spinning, weaving, dyeing/finishing, printing, processing, and trading of various filament, artificial cotton and nylon. It offers Textured yarns, Polyester yarn Nylon filaments, and Nylon chips products. The textured yarns products include function yarns, high stretch yarns, nylon yarns, multifilament and fancy yarns, among others. Its nylon filament products include fine filament yarns, polyester pre-oriented yarns, oxford yarns and industrial yarns. The nylon chips products include spinning grade nylon chips and engineering plastic grade nylon chip.

Zig Sheng Industrial Co (TPE:1455) Headlines

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