AsiaMedic (SGX:505) Momentum Rank : 0 (As of Jun. 20, 2024)

View and export this data going back to 1987. Start your Free Trial

What is AsiaMedic Momentum Rank?

AsiaMedic 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.

AsiaMedic Momentum Rank Related Terms

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

AsiaMedic (SGX:505) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » AsiaMedic Ltd (SGX:505) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

350 Orchard Road, No. 08-00 Shaw House, Singapore, SGP, 238868

Website

https://www.asiamedic.com.sg

AsiaMedic Ltd is an investment holding company. The principal activities of the company include the provision of management services. The services provided by the company include diagnostic imaging and radiology services, health screening and medical wellness services, general medical services and treatment, and medical aesthetic services as a single segment. It also operates The Orchard Imaging Centre and The Heart and Vascular Centre.

AsiaMedic (SGX:505) Headlines

No Headlines