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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 (2026-09-12), Hai Kwang Enterprise's 3-1 Month Momentum % is -2.62%.
The industry rank for Hai Kwang Enterprise's 3-1 Month Momentum % or its related term are showing as below:
TPE:2038's 3-1 Month Momentum % is ranked worse than 60.88% of 634
companies
in the Steel industry
Industry Median: -0.05
vs TPE:2038: -2.62
Hai Kwang Enterprise (TPE:2038) 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.
Hai Kwang Enterprise 3-1 Month Momentum % Related Terms
TPE:2038 vs NUE, STLD, RS: 3-1 Month Momentum % Comparison
For the Steel subindustry, Hai Kwang Enterprise'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.
Hai Kwang Enterprise 3-1 Month Momentum % vs Steel Industry
For the Steel industry and Basic Materials sector, Hai Kwang Enterprise's 3-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Hai Kwang Enterprise's 3-1 Month Momentum % falls into.
Hai Kwang Enterprise (TPE:2038) 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.
Hai Kwang Enterprise (TPE:2038) has a 3-1 Month Momentum % of -2.62% as of Sep. 12, 2026. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on Hai Kwang Enterprise and its competitors. According to the industry distribution chart, Hai Kwang Enterprise ranks #386 out of 634 companies in the Steel industry, placing it in the top 60.9%.
Is Hai Kwang Enterprise's 3-1 Month Momentum % too high?
Hai Kwang Enterprise's current 3-1 Month Momentum % is -2.62%. Based on the distribution chart, Hai Kwang Enterprise ranks #386 out of 634 companies in the Steel industry, which is below the industry midpoint. Overall, Hai Kwang Enterprise has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hai Kwang Enterprise's 3-1 Month Momentum % compare to NUE and STLD?
According to the Steel industry distribution chart, Hai Kwang Enterprise ranks #386 out of 634 companies for 3-1 Month Momentum %. This places Hai Kwang Enterprise 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 Hai Kwang Enterprise and its competitors. Hai Kwang Enterprise's current 3-1 Month Momentum % is -2.62%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hai Kwang Enterprise stock overvalued right now?
Based on GuruFocus' analysis, Hai Kwang Enterprise (TPE:2038) is currently considered Fairly Valued. The stock's GF Value™ is NT$13.26, compared to a current price of NT$12.10 — trading 8.7% below its estimated fair value. The current 3-1 Month Momentum % is -2.62%. Hai Kwang Enterprise's overall GF Score™ is 69/100 with 6 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 Hai Kwang Enterprise (TPE:2038), the current 3-1 Month Momentum % is -2.62% as of Sep. 12, 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 Hai Kwang Enterprise (TPE:2038) Overvalued in 2026?
Based on GuruFocus' analysis, Hai Kwang Enterprise stock appears to be undervalued.
The current stock price of NT$12.10 is trading 8.7% below its estimated GF Value™ of NT$13.26.
GuruFocus considers Hai Kwang Enterprise to be Fairly Valued.
Key valuation signals for TPE:2038:
3-1 Month Momentum %: -2.62%
GF Value™: NT$13.26 vs. price of NT$12.10 (8.7% below fair value)
No single metric tells the full story. See the TPE:2038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hai Kwang Enterprise Corp is engaged in the manufacture, processing, sale, and trade of billets and reinforcing steel bars. The Company also engages in real estate rental and leasing. It operates through Hai Kwang Enterprise Co., Ltd and Zheng Tung (formerly E Chang), with Hai Kwang Enterprise Co., Ltd generating maximum revenue. The main operating location of the Company and its subsidiaries is Taiwan.
69GF Score
Get the complete analysis for TPE:2038
3-1 Month Momentum % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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