Analog Devices (FRA:ANL) Momentum Rank : 8 (As of Apr. 27, 2024)

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What is Analog Devices Momentum Rank?

Analog Devices has the Momentum Rank of 8.

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 Analog Devices's Momentum Rank

For the Semiconductors subindustry, Analog Devices'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.

Analog Devices's Momentum Rank Distribution in the Semiconductors Industry

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

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

Analog Devices Momentum Rank Related Terms

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Analog Devices (FRA:ANL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Analog Devices Inc (FRA:ANL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ADI:USA A1DI34:Brazil ADI:Argentina

Address

One Analog Way, Wilmington, MA, USA, 01887

Website

https://www.analog.com

Analog Devices is a leading analog, mixed signal, and digital signal processing chipmaker. The firm has a significant market share lead in converter chips, which are used to translate analog signals to digital and vice versa. The company serves tens of thousands of customers, and more than half of its chip sales are made to industrial and automotive end markets. Analog Devices' chips are also incorporated into wireless infrastructure equipment.

Analog Devices (FRA:ANL) Headlines

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