Dialight (Dialight) Momentum Rank : 1 (As of May. 01, 2024)

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What is Dialight Momentum Rank?

Dialight has the Momentum Rank of 1.

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 Dialight's Momentum Rank

For the Electrical Equipment & Parts subindustry, Dialight'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.

Dialight's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Dialight's Momentum Rank distribution charts can be found below:

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

Dialight Momentum Rank Related Terms

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Dialight (Dialight) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dialight PLC (OTCPK:DIALF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

DIAl:UK DIA:UK

Address

25 Old Broad Street, Leaf C, Level 36, Tower 42, London, GBR, EC2N 1HQ

Website

https://www.dialight.com

Dialight PLC manufactures and sells light-emitting diode (LED) lighting fixtures for use in hazardous and industrial locations. It provides lighting products to customers in industrial sectors including steel foundries, pulp and paper mills, automotive manufacturers, utility, and wastewater plants, and food and beverage processing plants. In addition, it provides specialist lighting products for hazardous industrial sites, including the oil and gas and mining sectors. Its segments are Lighting, Signals, and Components. The majority of the revenue is derived from the sale of LED lighting solutions and anti-collision obstruction lighting. Geographically it derives the majority of its revenue from North America.