Me Lin Steel JSC (HSTC:MEL) 3-1 Month Momentum %: -8.43% (As of Aug. 20, 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Me Lin Steel JSC 3-1 Month Momentum %?

Me Lin Steel JSC HSTC:MEL 3-1 Month Momentum % is -8.43% as of Aug. 20, 2026. Among 629 Steel companies, Me Lin Steel JSC ranks worse than 60.57% on this metric.

3-1 Month Momentum % is the total return of the stock from 3-month ago to 1-month ago. As of today (2026-08-20), Me Lin Steel JSC's 3-1 Month Momentum % is -8.43%.

The industry rank for Me Lin Steel JSC's 3-1 Month Momentum % or its related term are showing as below:

HSTC:MEL's 3-1 Month Momentum % is ranked worse than
60.57% of 629 companies
in the Steel industry
Industry Median: -4.47 vs HSTC:MEL: -8.43

Me Lin Steel JSC  (HSTC:MEL) 3-1 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 3-1 Month Momentum % measures the total return to a stock over the past three 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.

Me Lin Steel JSC 3-1 Month Momentum % Related Terms

Me Lin Steel JSC 3-1 Month Momentum % Competitor Comparison

For the Steel subindustry, Me Lin Steel JSC's 3-1 Month Momentum %, along with its competitors' market caps and 3-1 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.

Me Lin Steel JSC 3-1 Month Momentum % vs Steel Industry

For the Steel industry and Basic Materials sector, Me Lin Steel JSC's 3-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Me Lin Steel JSC's 3-1 Month Momentum % falls into.


Me Lin Steel JSC  (HSTC:MEL) 3-1 Month Momentum % Calculation

3-1 Month Momentum % is calculated as following:

3-1 Month Momentum %=( Price 1-month ago / Price 3-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.

Frequently Asked Questions Learn more about 3-1 Month Momentum % →
What does a 3-1 Month Momentum % of -8.43% mean?
Me Lin Steel JSC (HSTC:MEL) has a 3-1 Month Momentum % of -8.43% as of Aug. 20, 2026. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on Me Lin Steel JSC and its competitors. According to the industry distribution chart, Me Lin Steel JSC ranks #381 out of 629 companies in the Steel industry, placing it in the top 60.6%.
Is Me Lin Steel JSC's 3-1 Month Momentum % too high?
Me Lin Steel JSC's current 3-1 Month Momentum % is -8.43%. Based on the distribution chart, Me Lin Steel JSC ranks #381 out of 629 companies in the Steel industry, which is below the industry midpoint.
How does Me Lin Steel JSC's 3-1 Month Momentum % compare to competitors?
According to the Steel industry distribution chart, Me Lin Steel JSC ranks #381 out of 629 companies for 3-1 Month Momentum %. This places Me Lin Steel JSC in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-1 Month Momentum % for a Steel company?
A good 3-1 Month Momentum % depends on the Steel industry context. However, 3-1 Month Momentum % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-1 Month Momentum % mean?
A high 3-1 Month Momentum % can signal that a stock is expensive relative to its fundamentals. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on Me Lin Steel JSC and its competitors. Me Lin Steel JSC's current 3-1 Month Momentum % is -8.43%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Me Lin Steel JSC stock overvalued right now?
Me Lin Steel JSC (HSTC:MEL) has a current 3-1 Month Momentum % of -8.43%. The current 3-1 Month Momentum % is -8.43%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-1 Month Momentum % calculated?
3-1 Month Momentum % is calculated from a company's financial statements. For Me Lin Steel JSC (HSTC:MEL), the current 3-1 Month Momentum % is -8.43% as of Aug. 20, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Me Lin Steel JSC Business Description

Address No. 8 Administrative Zone, Dong Da Ward, Vinh Phuc Province, Vinh Yen City, VNM
Me Lin Steel JSC operates in the steel industry. The business activities of the company are processing, manufacturing, trading, importing, and exporting steel products, wholesale of machinery and spare parts, warehousing rental service, and investment in industrial parks, urban areas, and offices.