Team Young Technology Co (ROCO:5345) 6-1 Month Momentum % : 0.82% (As of Jun. 20, 2024)

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What is Team Young Technology Co 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-06-20), Team Young Technology Co's 6-1 Month Momentum % is 0.82%.

The industry rank for Team Young Technology Co's 6-1 Month Momentum % or its related term are showing as below:

ROCO:5345's 6-1 Month Momentum % is ranked better than
54.77% of 2472 companies
in the Hardware industry
Industry Median: -1.435 vs ROCO:5345: 0.82

Competitive Comparison of Team Young Technology Co's 6-1 Month Momentum %

For the Electronic Components subindustry, Team Young Technology Co's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 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.

Team Young Technology Co's 6-1 Month Momentum % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Team Young Technology Co's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Team Young Technology Co's 6-1 Month Momentum % falls into.

Team Young Technology Co (ROCO:5345) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-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.

Team Young Technology Co (ROCO:5345) 6-1 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 6-1 Month Momentum % measures the total return to a stock over the past six 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.

Team Young Technology Co 6-1 Month Momentum % Related Terms

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Team Young Technology Co (ROCO:5345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Team Young Technology Co Ltd (ROCO:5345) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

18F.-1, No.400, Huanbei Road, Taoyuan County 320, Zhongli, TWN

Website

https://www.teamyoung.com.tw

Team Young Technology Co Ltd markets and sells multilayer ceramic capacitors and chip capacitors for the storage of charge, blocking, by-pass, tuning and filtering in circuit designs. It has developed products such as Smart Power Remote Control System, Multi-Cell Power Management System, Vehicle Battery Continuation System, Home Appliances and other devices. Geographically operates through Taiwan and derives revenue through the sale of products.

Team Young Technology Co (ROCO:5345) Headlines

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