Optomed (OHEL:OPTOMED) Momentum Rank : 8 (As of Dec. 15, 2024)

View and export this data going back to 2019. Start your Free Trial

What is Optomed Momentum Rank?

Optomed has the Momentum Rank of 8.

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 Optomed's Momentum Rank

For the Health Information Services subindustry, Optomed'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.

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

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

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

Optomed Momentum Rank Related Terms

Thank you for viewing the detailed overview of Optomed's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Optomed Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Optomed PLC (OHEL:OPTOMED) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

36U0:Germany

Address

Yrttipellontie 1, Oulu, FIN, 90230

Website

https://www.optomed.com

Optomed PLC is a Finnish health technology company and provider of handheld camera solutions. The company operates in two business segments which are Devices and Software. Devices segment develops, commercializes, and manufactures easy-to-use and affordable handheld fundus cameras, that are suitable for any clinic for screening of various eye diseases, such as diabetic retinopathy, glaucoma, and AMD. The Software segment develops and commercializes screening software for diabetic retinopathy and cancer screening for healthcare organizations. The company operates in Finland, China, and other countries.

Optomed Headlines

No Headlines