LPKF Laser & Electronics SE (XTER:LPK) Momentum Rank : 5 (As of May. 06, 2024)

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What is LPKF Laser & Electronics SE Momentum Rank?

LPKF Laser & Electronics SE 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 LPKF Laser & Electronics SE's Momentum Rank

For the Specialty Industrial Machinery subindustry, LPKF Laser & Electronics SE'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.

LPKF Laser & Electronics SE's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, LPKF Laser & Electronics SE's Momentum Rank distribution charts can be found below:

* The bar in red indicates where LPKF Laser & Electronics SE's Momentum Rank falls into.

LPKF Laser & Electronics SE Momentum Rank Related Terms

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LPKF Laser & Electronics SE (XTER:LPK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » LPKF Laser & Electronics SE (XTER:LPK) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

LPKFF:USA 1LPK:Italy 0ND2:UK LPK:Germany LPK:Germany LPK:Germany

Address

Osteriede 7, Garbsen, DEU, D-30827

Website

https://www.lpkf.com

LPKF Laser & Electronics SE designs and produces laser systems. Its products are PCB (printed circuit board) prototyping, IC packaging, Stencil laser equipment, PCB processing technology and depaneling technology, laser direct structuring, solar equipment, laser welding equipment, and motion control technology. The firm operates through the following segments: Development, Electronics, Welding, and Solar. Its products are used in the electronics industry, automotive parts, solar industry, semi-conductor industry, medical technology, research institutions, and universities.

Executives

Dr. Klaus Fiedler	Board of Directors
Jean-michel Richard	Supervisory Board

LPKF Laser & Electronics SE (XTER:LPK) Headlines

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