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Chaowei Power Holdings (FRA:EWC) 12-1 Month Momentum % : -2.52% (As of Dec. 11, 2024)


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What is Chaowei Power Holdings 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 (2024-12-11), Chaowei Power Holdings's 12-1 Month Momentum % is -2.52%.

The industry rank for Chaowei Power Holdings's 12-1 Month Momentum % or its related term are showing as below:

FRA:EWC's 12-1 Month Momentum % is ranked better than
58.03% of 1282 companies
in the Vehicles & Parts industry
Industry Median: -3.94 vs FRA:EWC: -2.52

Competitive Comparison of Chaowei Power Holdings's 12-1 Month Momentum %

For the Auto Parts subindustry, Chaowei Power Holdings'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.

Chaowei Power Holdings's 12-1 Month Momentum % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Chaowei Power Holdings's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Chaowei Power Holdings's 12-1 Month Momentum % falls into.


Chaowei Power Holdings  (FRA:EWC) 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.

Chaowei Power Holdings  (FRA:EWC) 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.

Chaowei Power Holdings 12-1 Month Momentum % Related Terms

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Chaowei Power Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chaowei Power Holdings Ltd (FRA:EWC) » Definitions » 12-1 Month Momentum %
Comparable Companies
HKSE:02025 HKSE:00305 HKSE:02488 HKSE:01899 HKSE:08418 HKSE:00096 HKSE:02457 HKSE:01148 HKSE:01188 HKSE:01991 TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG SHSE:600660 XTER:CON
Traded in Other Exchanges
00951:Hong Kong
Address
No. 18, Chengnan Road, Huaxi Industrial Function Area, Changxing County, Zhejiang Province, Huzhou, CHN, 313100
Website
https://www.chaowei.com.hk
Chaowei Power Holdings Ltd is engaged in the manufacturing and sales of lead-acid motive batteries, lithium-ion batteries and other related products, which are primarily used in electric bikes, electric tricycles and special-purpose electric vehicles. The largest business segment is the production of lead-acid batteries for electric bikes. Smaller segments produce lithium-ion batteries and related products. The company supplies its batteries directly to electric bike manufacturers, as well as to a network of independent distributors selling batteries on the secondary market. Nearly all of Chaowei Power's revenue is generated in China.