SolarEdge Technologies (LTS:0L7S) Momentum Rank : 3 (As of May. 14, 2024)

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What is SolarEdge Technologies Momentum Rank?

SolarEdge Technologies has the Momentum Rank of 3.

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 SolarEdge Technologies's Momentum Rank

For the Solar subindustry, SolarEdge Technologies'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.

SolarEdge Technologies's Momentum Rank Distribution in the Semiconductors Industry

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

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

SolarEdge Technologies Momentum Rank Related Terms

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SolarEdge Technologies (LTS:0L7S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SolarEdge Technologies Inc (LTS:0L7S) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SEDG:USA SEDG:Mexico 2ED:Germany SEDG:Austria

Address

1 HaMada Street, Post Box 12001, Herziliya Pituach, ISR, 4673335

Website

https://www.solaredge.com

SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers. Additionally, the company has nonsolar products targeting energy storage and e-mobility.

SolarEdge Technologies (LTS:0L7S) Headlines

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