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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 (2026-09-09), Right Way Industrial Co's 3-1 Month Momentum % is 1.99%.
The industry rank for Right Way Industrial Co's 3-1 Month Momentum % or its related term are showing as below:
TPE:1506's 3-1 Month Momentum % is ranked better than 60.67% of 1322
companies
in the Vehicles & Parts industry
Industry Median: -3.715
vs TPE:1506: 1.99
Right Way Industrial Co (TPE:1506) 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.
Right Way Industrial Co 3-1 Month Momentum % Related Terms
TPE:1506 vs ORLY, AZO, GPC: 3-1 Month Momentum % Comparison
For the Auto Parts subindustry, Right Way Industrial 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.
Right Way Industrial Co 3-1 Month Momentum % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Right Way Industrial Co's 3-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Right Way Industrial Co's 3-1 Month Momentum % falls into.
Right Way Industrial Co (TPE:1506) 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.
Right Way Industrial Co (TPE:1506) has a 3-1 Month Momentum % of 1.99% as of Sep. 09, 2026. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on Right Way Industrial Co and its competitors. According to the industry distribution chart, Right Way Industrial Co ranks #520 out of 1322 companies in the Vehicles & Parts industry, placing it in the top 39.3%.
Is Right Way Industrial Co's 3-1 Month Momentum % too high?
Right Way Industrial Co's current 3-1 Month Momentum % is 1.99%. Based on the distribution chart, Right Way Industrial Co ranks #520 out of 1322 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Right Way Industrial Co has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Right Way Industrial Co's 3-1 Month Momentum % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Right Way Industrial Co ranks #520 out of 1322 companies for 3-1 Month Momentum %. This puts Right Way Industrial Co in the upper 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 Vehicles & Parts company?
A good 3-1 Month Momentum % depends on the Vehicles & Parts 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 Right Way Industrial Co and its competitors. Right Way Industrial Co's current 3-1 Month Momentum % is 1.99%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Right Way Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Right Way Industrial Co (TPE:1506) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$13.37, compared to a current price of NT$10.00 — trading 25.2% below its estimated fair value. The current 3-1 Month Momentum % is 1.99%. Right Way Industrial Co's overall GF Score™ is 69/100 with 3 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 Right Way Industrial Co (TPE:1506), the current 3-1 Month Momentum % is 1.99% as of Sep. 09, 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 Right Way Industrial Co (TPE:1506) Overvalued in 2026?
Based on GuruFocus' analysis, Right Way Industrial Co stock appears to be undervalued.
The current stock price of NT$10.00 is trading 25.2% below its estimated GF Value™ of NT$13.37.
GuruFocus considers Right Way Industrial Co to be Modestly Undervalued.
Key valuation signals for TPE:1506:
3-1 Month Momentum %: 1.99%
GF Value™: NT$13.37 vs. price of NT$10.00 (25.2% below fair value)
No single metric tells the full story. See the TPE:1506 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Right Way Industrial Co Ltd operates in the auto parts industry. The company is engaged in the manufacturing and retail sale of engines, parts of automobiles and motorcycles, pistons, piston rings, and its accessories, components of steering systems, crankshafts, machine tools, and system furniture. The company geographically operates in Taiwan, Malaysia, China, United States, and other countries.
69GF Score
Get the complete analysis for TPE:1506
3-1 Month Momentum % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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