Wolfspeed (Wolfspeed) Momentum Rank : 4 (As of May. 02, 2024)

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What is Wolfspeed Momentum Rank?

Wolfspeed has the Momentum Rank of 4.

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 Wolfspeed's Momentum Rank

For the Semiconductors subindustry, Wolfspeed'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.

Wolfspeed's Momentum Rank Distribution in the Semiconductors Industry

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

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

Wolfspeed Momentum Rank Related Terms

Thank you for viewing the detailed overview of Wolfspeed's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Wolfspeed (Wolfspeed) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Wolfspeed Inc (NYSE:WOLF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CR6A:Germany

Address

4600 Silicon Drive, Durham, NC, USA, 27703

Website

https://www.wolfspeed.com

Wolfspeed Inc is involved in the manufacturing of wide bandgap semiconductors. It is focused on silicon carbide and gallium nitride materials and devices for power and radio-frequency (RF) applications. The company serves applications such as transportation, power supplies, inverters, and wireless systems. Geographically, it derives a majority of revenue from Europe and also has a presence in the United States; China; Japan; South Korea, and other countries.

Executives

Neill Reynolds	officer: Executive Vice President & CFO	4600 SILICON DR, DURHAM NC 27703
Le Duy Loan T	director	C/O NATIONAL INSTRUMENTS, 11500 MOPAC BLDG B, AUSTIN TX 78759
Gregg A Lowe	director, officer: PRESIDENT, CEO AND DIRECTOR	400 W CESAR CHAVEZ STREET, AUSTIN TX 78701
John B Replogle	director	C/O SEALY CORPORATION, ONE OFFICE PARKWAY, TRINITY NC 27370
Stacy J Smith	director	2200 MISSION COLLEGE BLVD., RNB-4-151, SANTA CLARA CA 95054
Glenda Dorchak	director	C/O MELLANOX TECHNOLOGIES, INC., 350 OAKMEAD PARKWAY, SUITE 100, SUNNYVALE CA 94085
Clyde Hosein	director	C/O INTEGRATED DEVICE TECHNOLOGY, INC., 6024 SILVER CREEK VALLEY ROAD, SAN JOSE CA 95138
Marvin Riley	director	5605 CARNEGIE BLVD., STE. 500, CHARLOTTE NC 28209
Thomas H Werner	director	3939 NORTH FIRST STREET, SAN JOSE CA 95134
Anne Clem Whitaker	director	109 BRIERY BRANCH COURT, MORRISVILLE NC 27560
John C Hodge	director	C/O SILICON IMAGE, INC., 1060 E. ARQUES AVE., SUNNYVALE CA 94085
David Todd Emerson	officer: EVP, GM LED	4600 SILICON DRIVE, DURHAM NC 27703
Michael E Mcdevitt	officer: INTER. CHIEF FINANCIAL OFFICER	713 WALCOTT WAY, CARY NC 27519
Daniel J Castillo	officer: EVP Cree & President-Lighting	2645 SILVER CRESCENT DRIVE, CHARLOTTE NC 28273
Darren R Jackson	director	C/O BEST BUY INC, 7075 FLYING CLOUD DR, EDEN PRAIRIE MN 55344