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K Laser Technology (TPE:2461) 12-1 Month Momentum % : 3.97% (As of Jun. 15, 2024)


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What is K Laser Technology 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 (2024-06-15), K Laser Technology's 12-1 Month Momentum % is 3.97%.

The industry rank for K Laser Technology's 12-1 Month Momentum % or its related term are showing as below:

TPE:2461's 12-1 Month Momentum % is ranked better than
53.92% of 408 companies
in the Packaging & Containers industry
Industry Median: -0.035 vs TPE:2461: 3.97

Competitive Comparison of K Laser Technology's 12-1 Month Momentum %

For the Packaging & Containers subindustry, K Laser Technology'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.


K Laser Technology's 12-1 Month Momentum % Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, K Laser Technology's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where K Laser Technology's 12-1 Month Momentum % falls into.



K Laser Technology  (TPE:2461) 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.


K Laser Technology  (TPE:2461) 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.


K Laser Technology 12-1 Month Momentum % Related Terms

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K Laser Technology (TPE:2461) Business Description

Traded in Other Exchanges
N/A
Address
No. 1, Li Hsin 6th Road, Hsinchu Science Park, Hsinchu, TWN
K Laser Technology Inc is engaged in the manufacturing of holographic security labels. Its product offerings include holographic films, holographic paper products, and hot & cold foils ,lamination paper, transfer paper, The company's geographical segments are China, Other regions of Asia, and Others. The business income of the group mainly comes from the manufacture of laser holographic films, laser anti-counterfeiting labels, laser paper, and optical instruments.

K Laser Technology (TPE:2461) Headlines

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