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KraneShares Dynamic Emerging Markets Strategy ETF (KEM) - free report >>
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KraneShares Dynamic Emerging Markets Strategy ETF (KEM) - free report >>
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Is Kemet (KEM) Outperforming Other Computer and Technology Stocks This Year?
For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Kemet (KEM - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Kemet is a member of the Computer and Technology sector. This group includes 660 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. KEM is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for KEM's full-year earnings has moved 39.21% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that KEM has returned about 45.55% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 1.52%. This means that Kemet is outperforming the sector as a whole this year.
To break things down more, KEM belongs to the Electronics - Miscellaneous Components industry, a group that includes 32 individual companies and currently sits at #107 in the Zacks Industry Rank. Stocks in this group have lost about 11.34% so far this year, so KEM is performing better this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on KEM as it attempts to continue its solid performance.