GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Endymed Ltd (XTAE:ENDY) » Definitions » Momentum Rank

Endymed (XTAE:ENDY) Momentum Rank : 0 (As of Jun. 06, 2024)


View and export this data going back to 2007. Start your Free Trial

What is Endymed Momentum Rank?

Endymed 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.

Endymed Momentum Rank Related Terms

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

Endymed (XTAE:ENDY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Endymed Ltd (XTAE:ENDY) » Definitions » Momentum Rank
Comparable Companies
XTAE:BIOV XTAE:EMITF-M XTAE:ALMD XTAE:EMTC-M XTAE:HUMX XTAE:BCUR XTAE:EFNC XTAE:ENVM XTAE:BWAY ABT SYK MDT BSX SZSE:300760 EW DXCM ZBH STE XAMS:PHIA ALGN
Traded in Other Exchanges
N/A
Address
7 Bareket Street, North Industrial Park, Caesarea, ISR
Website
http://www.endymed.com
Endymed Ltd is a medical technology company that designs, develops, and commercializes energy based aesthetic treatment systems for the professional markets. It offers energy based medical aesthetic treatment systems for professional and consumer markets. It provides solution for nonablative and fractional tightening and contouring treatments for the face, neck and body, acne scar and stretchmark treatment, cellulite reduction and RF Microneedling treatments.

Endymed (XTAE:ENDY) Headlines

No Headlines