Asiri Hospital Holdings (COL:ASIR.N0000) Momentum Rank : 0 (As of Jun. 20, 2024)

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What is Asiri Hospital Holdings Momentum Rank?

Asiri Hospital Holdings 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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Asiri Hospital Holdings (COL:ASIR.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Asiri Hospital Holdings PLC (COL:ASIR.N0000) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 21, Kirimandala Mawatha, Colombo, LKA, 05

Website

https://www.asirihealth.com

Asiri Hospital Holdings PLC operates a hospital, provides healthcare services, and manages and holds investments in the healthcare industry. The company's hospitals provide services in the areas of diabetes, mother and baby care, psychology, radiology, general surgeries, chemotherapy, pediatrics, nuclear medicine, pain management, sleep study, and physiotherapy among others. It operates in three segments: Pre-care, Post-care, and Pharmaceutical. The company generates maximum revenue from the Post Care segment.

Asiri Hospital Holdings (COL:ASIR.N0000) Headlines

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