Hamilton Thorne (Hamilton Thorne) Momentum Rank : 1 (As of May. 04, 2024)

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What is Hamilton Thorne Momentum Rank?

Hamilton Thorne has the Momentum Rank of 1.

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 Hamilton Thorne's Momentum Rank

For the Medical Devices subindustry, Hamilton Thorne'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.

Hamilton Thorne's Momentum Rank Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Hamilton Thorne's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hamilton Thorne's Momentum Rank falls into.

Hamilton Thorne Momentum Rank Related Terms

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Hamilton Thorne (Hamilton Thorne) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Hamilton Thorne Ltd (OTCPK:HTLZF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

0ZM:Germany HTL:Canada

Address

100 Cummings Center, Suite 465E, Beverly, MA, USA, 01915

Website

https://www.hamiltonthorne.ltd

Hamilton Thorne Ltd is engaged in providing precision instruments, consumables, software, and services that reduce cost, increase productivity, improve results, and enable breakthroughs in Assisted Reproductive Technologies (ART) and developmental biology research markets. The company markets its products and services under the Hamilton Thorne, Gynemed, and Embryotech Laboratories brands, through its growing sales force and distributors. The company's customer base consists of fertility clinics, university research centers, animal breeding facilities, pharmaceutical companies, biotechnology companies, and other commercial and academic research establishments. It has a single reporting segment being Engaged in Sales to the ART, Research, and Cell Biology Markets.

Hamilton Thorne (Hamilton Thorne) Headlines

From GuruFocus

TSX Venture Exchange, Hamilton Thorne Ltd., View From The C-Suite

By PRNewswire • 08-21-2023

Hamilton Thorne Equity Grants Under Its Long-Term Equity Incentive Plan

By GlobeNewswire GlobeNewswire • 10-13-2021

Hamilton Thorne to Announce Q3 2019 Financial Results and Hold Conference Call on November 21, 2019

By GlobeNewswire GlobeNewswire • 11-14-2019

Hamilton Thorne Announces US$7.5 Million Line of Credit

By GlobeNewswire GlobeNewswire • 09-30-2019

Hamilton Thorne to Announce Q3 2018 Financial Results and Hold Conference Call on November 20, 2018

By GlobeNewswire GlobeNewswire • 11-13-2018

Hamilton Thorne to Announce Q1 2018 Financial Results and Hold Conference Call on May 24, 2018

By GlobeNewswire GlobeNewswire • 05-18-2018

Hamilton Thorne Ltd. Opens the Market

By PRNewswire • 09-21-2023