PMEDF (Predictmedix AI) Momentum Rank : 0 (As of Jan. 19, 2025)

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What is Predictmedix AI Momentum Rank?

Predictmedix AI 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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Predictmedix AI Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Predictmedix AI Inc (OTCPK:PMEDF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

3QP0:Germany PMED:Canada

Address

77 King Street West, Suite 3000, Toronto, ON, CAN, M5K 1G8

Website

https://www.predictmedix.com

Predictmedix AI Inc provides rapid health screening and remote patient care solutions globally. The company's Safe Entry Stations are powered by a proprietary artificial intelligence (AI) that uses multispectral cameras to analyze physiological data patterns and predict a variety of health issues including infectious diseases such as COVID-19, impairment by drugs or alcohol, fatigue or various mental illnesses.