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Horng Shiue Holding Co (TPE:2243) 6-1 Month Momentum % : 1.04% (As of Dec. 15, 2024)


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What is Horng Shiue Holding 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 (2024-12-15), Horng Shiue Holding Co's 6-1 Month Momentum % is 1.04%.

The industry rank for Horng Shiue Holding Co's 6-1 Month Momentum % or its related term are showing as below:

TPE:2243's 6-1 Month Momentum % is ranked better than
57.79% of 1310 companies
in the Vehicles & Parts industry
Industry Median: -4.095 vs TPE:2243: 1.04

Competitive Comparison of Horng Shiue Holding Co's 6-1 Month Momentum %

For the Auto Parts subindustry, Horng Shiue Holding 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.


Horng Shiue Holding Co's 6-1 Month Momentum % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Horng Shiue Holding Co's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Horng Shiue Holding Co's 6-1 Month Momentum % falls into.



Horng Shiue Holding Co  (TPE:2243) 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.


Horng Shiue Holding Co  (TPE:2243) 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.


Horng Shiue Holding Co 6-1 Month Momentum % Related Terms

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Horng Shiue Holding Co Business Description

Traded in Other Exchanges
N/A
Address
Rongchang Road, Chedun Town, Songjiang District, Shanghai, CHN, 201611
Horng Shiue Holding Co Ltd isengaged in the manufacture, processing and trading of automotive sheet metal stamping die and gauge and providing after sales services, such as technique consulting. The Company's revenue is derived from automotive sheet metal stamping die sold by the assembly plant and stamping factory.

Horng Shiue Holding Co Headlines

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