GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Avitar Inc (OTCPK:AVTI) » Definitions » Momentum Rank

Avitar (Avitar) Momentum Rank : 0 (As of May. 17, 2024)


View and export this data going back to 1992. Start your Free Trial

What is Avitar Momentum Rank?

Avitar 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.

Avitar Momentum Rank Related Terms

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

Avitar (Avitar) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Avitar Inc (OTCPK:AVTI) » Definitions » Momentum Rank
Comparable Companies
GTHP BIAD ESMC ACAR EQUR IGNG ACXA MDGS NSPR MRLB VYCO PHMD NUMD PBIOD PYNGF CHFS MPHMF AVGR MICR NIMU
Traded in Other Exchanges
N/A
Address
5005 Elbow Drive SW, Suite 207, Calgary, AB, CAN, T2S 1T9
Website
Avitar Inc, through its subsidiary Avitar Technologies, develops, manufactures, and markets products for oral fluid diagnostics, disease and clinical testing, and wound treating.

Avitar (Avitar) Headlines