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TVE Co (TSE:6466) 12-1 Month Momentum % : 34.41% (As of Jun. 15, 2024)


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What is TVE 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 (2024-06-15), TVE Co's 12-1 Month Momentum % is 34.41%.

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

TSE:6466's 12-1 Month Momentum % is ranked better than
79.38% of 2920 companies
in the Industrial Products industry
Industry Median: -2.61 vs TSE:6466: 34.41

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

For the Specialty Industrial Machinery subindustry, TVE 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.


TVE Co's 12-1 Month Momentum % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, TVE Co's 12-1 Month Momentum % distribution charts can be found below:

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



TVE Co  (TSE:6466) 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.


TVE Co  (TSE:6466) 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.


TVE Co 12-1 Month Momentum % Related Terms

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TVE Co (TSE:6466) Business Description

Traded in Other Exchanges
N/A
Address
5-12-1, Nishitachibana-cho, Amagasaki-shi, Hyogo, Amagasaki, JPN, 660-0054
TVE Co Ltd is engaged in the manufacture and sale of various valves and cast steel products, and maintenance work of various valves. The products of the company include safety valve, relief valve, sluice valve, check valve, special valve, and globe valve.

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