SPEL Semiconductor (BOM:517166) Momentum Rank : 10 (As of Sep. 22, 2024)

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What is SPEL Semiconductor Momentum Rank?

SPEL Semiconductor has the Momentum Rank of 10.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of SPEL Semiconductor's Momentum Rank

For the Semiconductors subindustry, SPEL Semiconductor's Momentum Rank, along with its competitors' market caps and Momentum Rank 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.

SPEL Semiconductor's Momentum Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, SPEL Semiconductor's Momentum Rank distribution charts can be found below:

* The bar in red indicates where SPEL Semiconductor's Momentum Rank falls into.

SPEL Semiconductor Momentum Rank Related Terms

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SPEL Semiconductor Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SPEL Semiconductor Ltd (BOM:517166) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 CMDA Industrial Estate, Maraimalai Nagar, Chennai, TN, IND, 603209

Website

http://www.natronix.net

Spel Semiconductor Ltd is engaged in offering electronic integrated circuits (IC). It mainly operates in Integrated Circuits assembly and test facilities and provides solutions that include wafer sort, assembly, test, and drop-shipment services. In addition, it offers packaging solutions for semiconductors used in a range of end-market applications, including communications, consumer electronics, computing, industrial, and automotive. The majority of the revenue comes from the sale of products.

SPEL Semiconductor Headlines

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