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PolarCool AB (XSAT:POLAR) Momentum Rank : 0 (As of May. 29, 2024)


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What is PolarCool AB Momentum Rank?

PolarCool AB has the Momentum Rank of 0.

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.

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PolarCool AB (XSAT:POLAR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » PolarCool AB (XSAT:POLAR) » Definitions » Momentum Rank
Comparable Companies
OSTO:HEMC XSAT:MFA OSTO:PHLOG B XSAT:TENDO XSAT:MONI XSAT:CRBX XSAT:MEDF OSTO:QLIFE XSAT:PEXA B OSTO:NEOD ABT SYK MDT BSX SZSE:300760 EW DXCM ZBH STE XAMS:PHIA
Traded in Other Exchanges
98H:Germany
Address
Medicon Village, Scheelevagen 2, Lund, SWE, 223 8
Website
http://www.polarcap.com
PolarCool AB is a Sweden based medical device company. It develops, markets, and sells products for sports medicine. The company focuses on the treatment of concussive and sub-concussive brain injury with the portable cooling device PolarCap System. Its device PolarCap is a portable brain cooling device System available for athletes, teams, and organizations.

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