Infinitt Healthcare Co (XKRX:071200) Momentum Rank : 10 (As of May. 20, 2024)

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What is Infinitt Healthcare Co Momentum Rank?

Infinitt Healthcare Co has the Momentum Rank of 10.

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 Infinitt Healthcare Co's Momentum Rank

For the Health Information Services subindustry, Infinitt Healthcare Co'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.

Infinitt Healthcare Co's Momentum Rank Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Infinitt Healthcare Co's Momentum Rank falls into.

Infinitt Healthcare Co Momentum Rank Related Terms

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Infinitt Healthcare Co (XKRX:071200) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Infinitt Healthcare Co Ltd (XKRX:071200) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

27 Digital-ro 34th Street, 12th Floor, Daerung Post Tower III, Guro-gu, Seoul, KOR, 08378

Website

http://www.infinitt.com

Infinitt Healthcare Co Ltd is a Korea based company engaged in developing digital solutions used in hospitals. It offers clinical solutions, enterprise imaging solutions and radiology solutions. Clinical solutions cover cardiology PACS, digital pathology solutions, 3D solution, 3D printing service, radiation oncology information solution and others. Radiology solutions include PACS, RIS, Data Analytics solution, Cloud PACS, TeleRadiology solution and others.

Infinitt Healthcare Co (XKRX:071200) Headlines

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