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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 (2026-09-13), Cheng Loong's 3-1 Month Momentum % is 7.69%.
The industry rank for Cheng Loong's 3-1 Month Momentum % or its related term are showing as below:
TPE:1904's 3-1 Month Momentum % is ranked better than 71.53% of 288
companies
in the Forest Products industry
Industry Median: 2.625
vs TPE:1904: 7.69
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.
For the Paper & Paper Products subindustry, Cheng Loong'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.
Cheng Loong 3-1 Month Momentum % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Cheng Loong's 3-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Cheng Loong'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.
Cheng Loong (TPE:1904) has a 3-1 Month Momentum % of 7.69% as of Sep. 13, 2026. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on Cheng Loong and its competitors. According to the industry distribution chart, Cheng Loong ranks #82 out of 288 companies in the Forest Products industry, placing it in the top 28.5%.
Is Cheng Loong's 3-1 Month Momentum % too high?
Cheng Loong's current 3-1 Month Momentum % is 7.69%. The Forest Products industry median 3-1 Month Momentum % is 2.63. Cheng Loong's value of 7.69% is 193% above this industry median. Based on the distribution chart, Cheng Loong ranks #82 out of 288 companies in the Forest Products industry, which is above the industry midpoint. Overall, Cheng Loong has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cheng Loong's 3-1 Month Momentum % compare to competitors?
According to the Forest Products industry distribution chart, Cheng Loong ranks #82 out of 288 companies for 3-1 Month Momentum %. This puts Cheng Loong in the upper half of its industry. The industry median 3-1 Month Momentum % is 2.63. Cheng Loong's value of 7.69% is 193% above this benchmark. 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 Forest Products company?
The median 3-1 Month Momentum % among Forest Products companies is 2.63, based on 288 companies in the industry. Companies in the top quartile (top 25%) have a 3-1 Month Momentum % significantly above this median, while those in the bottom quartile fall well below. However, 3-1 Month Momentum % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cheng Loong's current 3-1 Month Momentum % of 7.69% is 193% above the industry median. 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 Cheng Loong and its competitors. For the Forest Products industry, the median 3-1 Month Momentum % is 2.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cheng Loong's current 3-1 Month Momentum % is 7.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheng Loong stock overvalued right now?
Based on GuruFocus' analysis, Cheng Loong (TPE:1904) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$21.18, compared to a current price of NT$24.80 — trading 17.1% above its estimated fair value. The current 3-1 Month Momentum % is 7.69% and 193% above the Forest Products industry median of 2.63. Cheng Loong's overall GF Score™ is 68/100 with 12 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 Cheng Loong (TPE:1904), the current 3-1 Month Momentum % is 7.69% as of Sep. 13, 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 Cheng Loong (TPE:1904) Overvalued in 2026?
Based on GuruFocus' analysis, Cheng Loong stock appears to be overvalued.
The current stock price of NT$24.80 is trading 17.1% above its estimated GF Value™ of NT$21.18.
GuruFocus considers Cheng Loong to be Modestly Overvalued.
Key valuation signals for TPE:1904:
3-1 Month Momentum %: 7.69%
GF Value™: NT$21.18 vs. price of NT$24.80 (17.1% above fair value)
Industry Position: 193% above the Forest Products median (#82 of 288)
No single metric tells the full story. See the TPE:1904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cheng Loong Corp manufactures and sells a variety of paper products. The company is engaged in the manufacturing and sale of paper products, materials for paper products, corrugated cartons, and related products. It is also engaged in building commercial and residential premises for rent and sale in partnership with construction companies. The company generates a majority of its revenue from the manufacturing and sale of industrial paper, corrugated containers, and related products. Its geographical segments are Taiwan, which generates key revenue, China, and Southeast Asia.
68GF Score
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