X-FAB Silicon Foundries SE (XPAR:XFAB) Momentum Rank : 5 (As of May. 17, 2024)

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What is X-FAB Silicon Foundries SE Momentum Rank?

X-FAB Silicon Foundries 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 X-FAB Silicon Foundries SE's Momentum Rank

For the Semiconductors subindustry, X-FAB Silicon Foundries 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.

X-FAB Silicon Foundries SE's Momentum Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, X-FAB Silicon Foundries SE's Momentum Rank distribution charts can be found below:

* The bar in red indicates where X-FAB Silicon Foundries SE's Momentum Rank falls into.

X-FAB Silicon Foundries SE Momentum Rank Related Terms

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X-FAB Silicon Foundries SE (XPAR:XFAB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » X-FAB Silicon Foundries SE (XPAR:XFAB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

XFABF:USA XFB:Germany

Address

Transportstraat 1, Tessenderlo, BEL, 3980

Website

https://www.xfab.com

X-FAB Silicon Foundries SE is a specialty foundry for analog and mixed-signal technologies with a strategic focus on automotive, industrial, and medical markets. X-FAB provides manufacturing and design support services to its customers that design analog and mixed-signal integrated circuits and other semiconductor devices. Major business geographies are Europe, Asia, the United States of America, and the Rest of the world. Geographically the company receives maximum revenue from Europe.

X-FAB Silicon Foundries SE (XPAR:XFAB) Headlines

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