REC Silicon ASA (OSTO:RECO) Momentum Rank : 4 (As of May. 16, 2024)

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What is REC Silicon ASA Momentum Rank?

REC Silicon ASA has the Momentum Rank of 4.

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 REC Silicon ASA's Momentum Rank

For the Semiconductor Equipment & Materials subindustry, REC Silicon ASA'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.

REC Silicon ASA's Momentum Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, REC Silicon ASA's Momentum Rank distribution charts can be found below:

* The bar in red indicates where REC Silicon ASA's Momentum Rank falls into.

REC Silicon ASA Momentum Rank Related Terms

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REC Silicon ASA (OSTO:RECO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » REC Silicon ASA (OSTO:RECo) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

RNWEY:USA RNWEF:USA RECSI:Norway R3Q:Germany

Address

Fornebuveien 84, PO Box 63, Lysaker, NOR, 1324

Website

https://www.recsilicon.com

REC Silicon ASA is a producer of silicon materials, supplying high-purity polysilicon and silicon gases to the solar and electronics industries. The product offered by the group includes Solar grade polysilicon, Electronic grade polysilicon and Silicon gases. It operates in two segments namely Solar Materials and Semiconductor Materials. Majority of the firm's revenue gets generated through Semiconductor Materials segment.

REC Silicon ASA (OSTO:RECO) Headlines

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