Kalray (XPAR:ALKAL) Momentum Rank : 5 (As of Jun. 02, 2024)

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What is Kalray Momentum Rank?

Kalray 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 Kalray's Momentum Rank

For the Semiconductors subindustry, Kalray'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.

Kalray's Momentum Rank Distribution in the Semiconductors Industry

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

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

Kalray Momentum Rank Related Terms

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Kalray (XPAR:ALKAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Kalray SA (XPAR:ALKAL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

0ABT:UK 3FS:Germany

Address

180 Avenue de l’Europe, Montbonnot, Saint Martin, FRA, 38330

Website

http://www.kalrayinc.com

Kalray SA is engaged in developing large-scale core processor solutions that offer high performance, low power consumption and real-time processing. Its MPPA processor family, based on its patented supercomputing on a chip many-core technology, delivers differentiated solutions for server acceleration and data center optimization, as well as for critical embedded applications in aerospace, defense and automotive.

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