Nonthavej Hospital PCL (BKK:NTV) Momentum Rank : 4 (As of May. 23, 2024)

View and export this data going back to 1994. Start your Free Trial

What is Nonthavej Hospital PCL Momentum Rank?

Nonthavej Hospital PCL 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 Nonthavej Hospital PCL's Momentum Rank

For the Medical Care Facilities subindustry, Nonthavej Hospital PCL'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.

Nonthavej Hospital PCL's Momentum Rank Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Nonthavej Hospital PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Nonthavej Hospital PCL's Momentum Rank falls into.

Nonthavej Hospital PCL Momentum Rank Related Terms

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

Nonthavej Hospital PCL (BKK:NTV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Nonthavej Hospital PCL (BKK:NTV) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

432, Ngamvongwan Road, Tambol Bangkhen, Amphur Muangnonthaburi, Nonthaburi, THA, 11000

Website

https://www.nonthavej.co.th

Nonthavej Hospital PCL is a Thailand based company operating in the medical treatment activity. It offers medical services through its own general hospital. It offers various medical services including full inpatient and outpatient medical services, ambulance services, internal and external health checkup services, dental, respiratory, physical therapy, laboratory, skin and cosmetic surgery, diabetes, orthopedic, nutrition, among others. The Company is engaged in the business of medical treatment in one geographical area, Thailand. The revenues from hospital operations mainly consist medical fees, hospital room sales and medicine sales.

Nonthavej Hospital PCL (BKK:NTV) Headlines

No Headlines