Tigerair Taiwan Co (TPE:6757) 12-1 Month Momentum % : -11.17% (As of Jun. 20, 2024)

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What is Tigerair Taiwan 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 (2024-06-20), Tigerair Taiwan Co's 12-1 Month Momentum % is -11.17%.

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

TPE:6757's 12-1 Month Momentum % is ranked worse than
66.54% of 1025 companies
in the Transportation industry
Industry Median: 0.82 vs TPE:6757: -11.17

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

For the Airlines subindustry, Tigerair Taiwan 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.

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

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

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

Tigerair Taiwan Co (TPE:6757) 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.

Tigerair Taiwan Co (TPE:6757) 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.

Tigerair Taiwan Co 12-1 Month Momentum % Related Terms

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Tigerair Taiwan Co (TPE:6757) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tigerair Taiwan Co Ltd (TPE:6757) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, Hangqin S. Road, Dayuan District, Taoyuan, TWN

Website

https://www.tigerairtw.com

Tigerair Taiwan Co Ltd operates in a Civil air transportation industry. It provides civil transportation services.

Tigerair Taiwan Co (TPE:6757) Headlines

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