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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 (2026-09-08), Goodway Machine's 3-1 Month Momentum % is -11.23%.
The industry rank for Goodway Machine's 3-1 Month Momentum % or its related term are showing as below:
TPE:1583's 3-1 Month Momentum % is ranked worse than 61.42% of 3056
companies
in the Industrial Products industry
Industry Median: -6.22
vs TPE:1583: -11.23
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.
Goodway Machine 3-1 Month Momentum % Related Terms
TPE:1583 vs GEV, ETN, PH: 3-1 Month Momentum % Comparison
For the Specialty Industrial Machinery subindustry, Goodway Machine'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.
Goodway Machine 3-1 Month Momentum % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Goodway Machine's 3-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Goodway Machine's 3-1 Month Momentum % falls into.
* 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.
Goodway Machine (TPE:1583) has a 3-1 Month Momentum % of -11.23% as of Sep. 08, 2026. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on Goodway Machine and its competitors. According to the industry distribution chart, Goodway Machine ranks #1877 out of 3056 companies in the Industrial Products industry, placing it in the top 61.4%.
Is Goodway Machine's 3-1 Month Momentum % too high?
Goodway Machine's current 3-1 Month Momentum % is -11.23%. Based on the distribution chart, Goodway Machine ranks #1877 out of 3056 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Goodway Machine has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Goodway Machine's 3-1 Month Momentum % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Goodway Machine ranks #1877 out of 3056 companies for 3-1 Month Momentum %. This places Goodway Machine 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 Industrial Products company?
A good 3-1 Month Momentum % depends on the Industrial Products 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 Goodway Machine and its competitors. Goodway Machine's current 3-1 Month Momentum % is -11.23%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goodway Machine stock overvalued right now?
Based on GuruFocus' analysis, Goodway Machine (TPE:1583) is currently considered Fairly Valued. The stock's GF Value™ is NT$45.12, compared to a current price of NT$49.30 — trading 9.3% above its estimated fair value. The current 3-1 Month Momentum % is -11.23%. Goodway Machine's overall GF Score™ is 66/100 with 7 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 Goodway Machine (TPE:1583), the current 3-1 Month Momentum % is -11.23% as of Sep. 08, 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 Goodway Machine (TPE:1583) Overvalued in 2026?
Based on GuruFocus' analysis, Goodway Machine stock appears to be overvalued.
The current stock price of NT$49.30 is trading 9.3% above its estimated GF Value™ of NT$45.12.
GuruFocus considers Goodway Machine to be Fairly Valued.
Key valuation signals for TPE:1583:
3-1 Month Momentum %: -11.23%
GF Value™: NT$45.12 vs. price of NT$49.30 (9.3% above fair value)
No single metric tells the full story. See the TPE:1583 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Goodway Machine Corp engaged in manufacturing, sales, and purchases of a variety of machine tools, automatic machinery and hardware, woodworking machinery, and woodworking lathes. The company has two reportable segments, the CNC Lathe segment and the Processing Machine segment, which are mainly engaged in the design, manufacturing, and trading of industrial machine tools. Geographically, the company generates a majority of its revenue from Asia (excluding Taiwan) and the rest from Europe, America, Taiwan, and other regions.
66GF Score
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3-1 Month Momentum % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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