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3-1 Month Momentum % is the total return of the stock from 3-month ago to 1-month ago. As of today (2026-09-07), Zhejiang Zheneng Electric Power Co's 3-1 Month Momentum % is -17.70%.
SHSE:600023's 3-1 Month Momentum % is ranked worse than 84.47% of 528
companies
in the Utilities - Independent Power Producers industry
Industry Median: -6.76
vs SHSE:600023: -17.70
Zhejiang Zheneng Electric Power Co (SHSE:600023) 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.
Zhejiang Zheneng Electric Power Co 3-1 Month Momentum % Related Terms
SHSE:600023 vs CEG, VST, NRG: 3-1 Month Momentum % Comparison
For the Utilities - Independent Power Producers subindustry, Zhejiang Zheneng Electric Power Co'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.
Zhejiang Zheneng Electric Power Co 3-1 Month Momentum % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Zhejiang Zheneng Electric Power Co's 3-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Zhejiang Zheneng Electric Power Co's 3-1 Month Momentum % falls into.
Zhejiang Zheneng Electric Power Co (SHSE:600023) 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.
Zhejiang Zheneng Electric Power Co (SHSE:600023) has a 3-1 Month Momentum % of -17.70% as of Sep. 07, 2026. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on Zhejiang Zheneng Electric Power Co and its competitors. According to the industry distribution chart, Zhejiang Zheneng Electric Power Co ranks #446 out of 528 companies in the Utilities - Independent Power Producers industry, placing it in the top 84.5%.
Is Zhejiang Zheneng Electric Power Co's 3-1 Month Momentum % too high?
Zhejiang Zheneng Electric Power Co's current 3-1 Month Momentum % is -17.70%. Based on the distribution chart, Zhejiang Zheneng Electric Power Co ranks #446 out of 528 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Zhejiang Zheneng Electric Power Co has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Zheneng Electric Power Co's 3-1 Month Momentum % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Zhejiang Zheneng Electric Power Co ranks #446 out of 528 companies for 3-1 Month Momentum %. This places Zhejiang Zheneng Electric Power Co 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 an Utilities - Independent Power Producers company?
A good 3-1 Month Momentum % depends on the Utilities - Independent Power Producers 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 Zhejiang Zheneng Electric Power Co and its competitors. Zhejiang Zheneng Electric Power Co's current 3-1 Month Momentum % is -17.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Zheneng Electric Power Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Zheneng Electric Power Co (SHSE:600023) is currently considered Fairly Valued. The stock's GF Value™ is ¥4.76, compared to a current price of ¥4.85 — trading 1.9% above its estimated fair value. The current 3-1 Month Momentum % is -17.70%. Zhejiang Zheneng Electric Power Co's overall GF Score™ is 67/100 with 5 warning signs to review. 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 Zhejiang Zheneng Electric Power Co (SHSE:600023), the current 3-1 Month Momentum % is -17.70% as of Sep. 07, 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.
Is Zhejiang Zheneng Electric Power Co (SHSE:600023) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Zheneng Electric Power Co stock appears to be overvalued.
The current stock price of ¥4.85 is trading 1.9% above its estimated GF Value™ of ¥4.76.
GuruFocus considers Zhejiang Zheneng Electric Power Co to be Fairly Valued.
Key valuation signals for SHSE:600023:
3-1 Month Momentum %: -17.70%
GF Value™: ¥4.76 vs. price of ¥4.85 (1.9% above fair value)
No single metric tells the full story. See the SHSE:600023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressNo. 36, Zijinghua Road, 10th Floor, Building A, Zhejiang Energy Science and Technology Innovation Center, Xihu District, Zhejiang Province, Hangzhou, CHN, 310013
Zhejiang Zheneng Electric Power Co Ltd is engaged in the thermal power generation business in China. It also provides thermal products, as well as invests in nuclear power.
67GF Score
Get the complete analysis for SHSE:600023
3-1 Month Momentum % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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