S&S Healthcare Holding (ROCO:4198) Momentum Rank : 3 (As of May. 27, 2024)

View and export this data going back to 2013. Start your Free Trial

What is S&S Healthcare Holding Momentum Rank?

S&S Healthcare Holding has the Momentum Rank of 3.

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 S&S Healthcare Holding's Momentum Rank

For the Medical Devices subindustry, S&S Healthcare Holding'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.

S&S Healthcare Holding's Momentum Rank Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, S&S Healthcare Holding's Momentum Rank distribution charts can be found below:

* The bar in red indicates where S&S Healthcare Holding's Momentum Rank falls into.

S&S Healthcare Holding Momentum Rank Related Terms

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

S&S Healthcare Holding (ROCO:4198) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » S&S Healthcare Holding Ltd (ROCO:4198) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

7th Floor, Number 89, Xinhu 1st Road, Taipei, TWN, 114

Website

http://www.swissray.com

S&S Healthcare Holding Ltd, formerly Swissray Global Healthcare Holding Ltd is involved in providing DR systems designed for any application in general radiography. The product divisions of the company cover Swissray DDR systems, Novadaq, and EZ2GO. The main business projects of the company and its subsidiaries are the research and development, manufacturing, sales, and maintenance services of high-end medical equipment and the manufacturing and sales of basic medical equipment.

S&S Healthcare Holding (ROCO:4198) Headlines

No Headlines