Windar Photonics (LSE:WPHO) Momentum Rank : 7 (As of May. 14, 2024)

View and export this data going back to 2015. Start your Free Trial

What is Windar Photonics Momentum Rank?

Windar Photonics has the Momentum Rank of 7.

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 Windar Photonics's Momentum Rank

For the Electronic Components subindustry, Windar Photonics'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.

Windar Photonics's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Windar Photonics's Momentum Rank distribution charts can be found below:

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

Windar Photonics Momentum Rank Related Terms

Thank you for viewing the detailed overview of Windar Photonics's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Windar Photonics (LSE:WPHO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Windar Photonics PLC (LSE:WPHO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

7WP:Germany

Address

3 More London Riverside, London, GBR, SE1 2AQ

Website

https://www.windarphotonics.com

Windar Photonics PLC is a technology group. The company develops and sells cost-efficient light detection and ranging sensors and associated products for use on electricity-generating wind turbines. The company's key products are the WindEye and WindVision Sensors. It currently operates in four geographical markets: Europe, America, China, and Asia. It generates the majority of its revenue fro China.

Windar Photonics (LSE:WPHO) Headlines

No Headlines