Clicks Group (JSE:CLS) Momentum Rank : 10 (As of Dec. 15, 2024)

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What is Clicks Group Momentum Rank?

Clicks Group 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 Clicks Group's Momentum Rank

For the Pharmaceutical Retailers subindustry, Clicks Group'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.

Clicks Group's Momentum Rank Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Clicks Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Clicks Group's Momentum Rank falls into.

Clicks Group Momentum Rank Related Terms

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Clicks Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Clicks Group Ltd (JSE:CLS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CLCGY:USA N1C:Germany

Address

Cnr Searle and Pontac Streets, PO Box 5142, Cape Town, ZAF, 8001

Website

https://www.clicksgroup.co.za

Clicks Group Ltd operates pharmaceutical health and beauty retail stores. The company predominantly operates a retail pharmacy chain in South Africa, with a limited number of operations in bordering countries. The company targets middle-to upper-income consumers. Clicks' business focuses on consistent product sourcing, product development, and measured store expansion. The company has a portfolio of retail franchise brands including The Body Shop, M-Kem, and Sorbet among others. It uses United Pharmaceutical Distributors' capabilities for the groups' integrated channel to the healthcare market. The company's reportable segments are; Retail, which generates maximum revenue, and Distribution.