European Institute of Science AB (XSAT:EURI B) Momentum Rank : 1 (As of May. 22, 2024)

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What is European Institute of Science AB Momentum Rank?

European Institute of Science AB has the Momentum Rank of 1.

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 European Institute of Science AB's Momentum Rank

For the Medical Instruments & Supplies subindustry, European Institute of Science AB'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.

European Institute of Science AB's Momentum Rank Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, European Institute of Science AB's Momentum Rank distribution charts can be found below:

* The bar in red indicates where European Institute of Science AB's Momentum Rank falls into.

European Institute of Science AB Momentum Rank Related Terms

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European Institute of Science AB (XSAT:EURI B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » European Institute of Science AB (XSAT:EURI B) » Definitions » Momentum Rank

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Traded in Other Exchanges

N/A

Address

Scheelevägen 27, 4th Floor, Lund, SWE, 223 63

Website

http://www.euris.org

European Institute of Science AB is a manufacturer of diagnostic assays for the clinical laboratory and point-of-care settings, as well as, point-of-care instrumentation for diagnostic applications. It focuses on veterinary health, and provides diagnostic assays and instrumentation for canine, feline and equine animals.

European Institute of Science AB (XSAT:EURI B) Headlines

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