Swedencare AB (FRA:7XY) Momentum Rank : 10 (As of May. 26, 2024)

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What is Swedencare AB Momentum Rank?

Swedencare AB has the Momentum Rank of 10.

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 Swedencare AB's Momentum Rank

For the Drug Manufacturers - Specialty & Generic subindustry, Swedencare 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.

Swedencare AB's Momentum Rank Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Swedencare AB's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Swedencare AB's Momentum Rank falls into.

Swedencare AB Momentum Rank Related Terms

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Swedencare AB (FRA:7XY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Swedencare AB (FRA:7XY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SWDCF:USA SECARE:Sweden 0ABG:UK

Address

Per Albin Hanssons Vag 41, Medeon Science Park, Malmo, SWE, 205 12

Website

https://www.swedencare.se

Swedencare AB is specialized in pet healthcare and produces partly in own factories, markets and sells premium products on the global market. The company has a wide range of brands and products within most therapy areas, which includes Animal Pharmaceuticals, nutravet, NutriScience, PetMD, Stratford, VetWELL as well as ProDen PlaqueOff for oral health to dogs and cats. The company's products are sold in approximately fifty markets.

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