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Ta Jiang Development (TPE:1453) 6-1 Month Momentum % : -39.59% (As of Dec. 11, 2024)


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What is Ta Jiang Development 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 (2024-12-11), Ta Jiang Development's 6-1 Month Momentum % is -39.59%.

The industry rank for Ta Jiang Development's 6-1 Month Momentum % or its related term are showing as below:

TPE:1453's 6-1 Month Momentum % is ranked worse than
97.17% of 1166 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.155 vs TPE:1453: -39.59

Competitive Comparison of Ta Jiang Development's 6-1 Month Momentum %

For the Textile Manufacturing subindustry, Ta Jiang Development'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.


Ta Jiang Development's 6-1 Month Momentum % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Ta Jiang Development's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Ta Jiang Development's 6-1 Month Momentum % falls into.



Ta Jiang Development  (TPE:1453) 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.


Ta Jiang Development  (TPE:1453) 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.


Ta Jiang Development 6-1 Month Momentum % Related Terms

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Ta Jiang Development Business Description

Traded in Other Exchanges
N/A
Address
6th Floor, No. 71, Section 2, Dunhua South Road, Daan District, Taipei, TWN, 106
Ta Jiang Development Corp operates in the textile industry. The company is engaged in manufacturing and distributing textile products like yarns, fabrics, and related raw materials and products. The firm also operates in the construction and development industry, It is also involved in Investment and construction of public infrastructure projects. The company also manufactures, processing, and trading of woven clothing, knitted clothing, and sweaters.

Ta Jiang Development Headlines

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