Unihealth Hospitals (NSE:UNIHEALTH) Momentum Rank : 0 (As of May. 09, 2025)

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What is Unihealth Hospitals Momentum Rank?

Unihealth Hospitals has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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Unihealth Hospitals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Unihealth Hospitals Ltd (NSE:UNIHEALTH) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

156 Tardeo Road, H-13 and H-14, Everest Building, Tardeo, Mumbai, MH, IND, 400034

Website

https://www.unihealthonline.com

Unihealth Hospitals Ltd Formerly Unihealth Consultancy Ltd is a healthcare service provider based out of India and has an operational presence in multiple countries across the African continent. The company is predominantly engaged in the business of medical tour operator, health consultancy services, and also trades medical equipment. Under the brand UMC Hospitals, the company operates healthcare facilities and also provides consultancy services for healthcare projects. It operates across multiple business segments, including hospitals and medical centers which derives key revenue, healthcare consultancy, pharmaceutical and medical consumables distribution, and medical value travel.

Unihealth Hospitals Headlines

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