GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Taiwan Navigation Co Ltd (TPE:2617) » Definitions » 12-1 Month Momentum %

Taiwan Navigation Co (TPE:2617) 12-1 Month Momentum % : 15.19% (As of Oct. 31, 2024)


View and export this data going back to 1998. Start your Free Trial

What is Taiwan Navigation 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 (2024-10-31), Taiwan Navigation Co's 12-1 Month Momentum % is 15.19%.

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

TPE:2617's 12-1 Month Momentum % is ranked better than
59.8% of 1025 companies
in the Transportation industry
Industry Median: 7.46 vs TPE:2617: 15.19

Competitive Comparison of Taiwan Navigation Co's 12-1 Month Momentum %

For the Marine Shipping subindustry, Taiwan Navigation 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.


Taiwan Navigation Co's 12-1 Month Momentum % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Taiwan Navigation Co's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Taiwan Navigation Co's 12-1 Month Momentum % falls into.



Taiwan Navigation Co  (TPE:2617) 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.


Taiwan Navigation Co  (TPE:2617) 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.


Taiwan Navigation Co 12-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Taiwan Navigation Co's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Taiwan Navigation Co Business Description

Traded in Other Exchanges
N/A
Address
No. 29, Jinan Road, Section 2, 2-6 Floor, Taipei, TWN, 100
Taiwan Navigation Co Ltd is a Taiwan based company, engages in the provision of shipping related services. It is engaged in passenger and freight transport via water, port warehousing, aquatic sand mining, and navigation channel dredging and also acts as a shipping agency, provides tugboats, and acts as a land owner in agreements with construction companies for the use of its land for the construction of residential and commercial buildings for sale and rental.

Taiwan Navigation Co Headlines

No Headlines