Medical Imaging (Medical Imaging) Momentum Rank : 0 (As of Jun. 20, 2024)

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What is Medical Imaging Momentum Rank?

Medical Imaging 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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Medical Imaging (Medical Imaging) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Medical Imaging Corp (OTCPK:MEDD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

848 N Rainbow Boulevard, Suite 2494, Las Vegas, NV, USA, 89107

Website

http://www.medimagingcorp.com

Medical Imaging Corp is a United States-based healthcare services company focused on the acquisition of existing full-service imaging clinics. Through its subsidiaries, the firm provides medical diagnostic imaging services. The services provided include magnetic resonance imaging, CT scans, ultrasound, X-ray, and others. The group has operations in the United States and Canada. The organization generates revenue from the medical scans services and teleradiology services, of which medical scans services contributes the maximum to the revenue.

Medical Imaging (Medical Imaging) Headlines

From GuruFocus

Medical Imaging Corp., Launches New Healthcare Subsidiary

By ACCESSWIRE AccessWire • 04-12-2019

Medical Imaging Corp., CTS Announces New Contract for Teleradiology Coverage of 5 Hospitals

By ACCESSWIRE AccessWire • 04-12-2019

Medical Imaging Corp. Year Over Year Increase Scan Volume

By ACCESSWIRE AccessWire • 04-12-2019

Medical Imaging Corp. Announces Streamlined Operations, Focus on Profit & Growth

By ACCESSWIRE AccessWire • 04-12-2019