Signify NV (XAMS:LIGHT) Momentum Rank : 5 (As of Jun. 08, 2024)

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What is Signify NV Momentum Rank?

Signify NV has the Momentum Rank of 5.

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 Signify NV's Momentum Rank

For the Electrical Equipment & Parts subindustry, Signify NV'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.

Signify NV's Momentum Rank Distribution in the Industrial Products Industry

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

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

Signify NV Momentum Rank Related Terms

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Signify NV (XAMS:LIGHT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Signify NV (XAMS:LIGHT) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SFFYF:USA PHPPY:USA LIGHT:Mexico LIGHTa:UK 0RHI:UK G14:Germany LGHT:Austria

Address

High Tech Campus 48, Eindhoven, NLD, 5656 AE

Website

https://www.signify.com

Signify NV is a Netherlands-based firm that provides lighting solutions. The company's product portfolio includes luminaires, lamps, light-emitting diode (LED) lamps, LED tubes, and decorative lighting. Its product application is very broad-based as it is used in almost every industry. The operating segments are Digital Solutions, Digital Products, and Conventional Products. The firm generates of its revenues from its Digital Solutions segment and operates mainly in Europe, the Americas, as well as other international markets.

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