CHC Healthcare Group (TPE:4164) Momentum Rank : 2 (As of Jun. 08, 2024)

View and export this data going back to 2012. Start your Free Trial

What is CHC Healthcare Group Momentum Rank?

CHC Healthcare Group has the Momentum Rank of 2.

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 CHC Healthcare Group's Momentum Rank

For the Medical Distribution subindustry, CHC Healthcare Group'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.

CHC Healthcare Group's Momentum Rank Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, CHC Healthcare Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where CHC Healthcare Group's Momentum Rank falls into.

CHC Healthcare Group Momentum Rank Related Terms

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

CHC Healthcare Group (TPE:4164) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » CHC Healthcare Group (TPE:4164) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Xing’ai Road, Neihu District, Taipei, TWN, 114067

Website

https://www.chcg.com

CHC Healthcare Group is a Taiwan based company engaged in the trading of pharmaceutical products and the sale, leasing, installation, and repair of medical instruments. It is engaged in the distribution of radiotherapy equipment, including equipment that is used in the treatment of radiation oncology, ophthalmology, dentistry, and neuroscience. It also provides medical equipment consulting for hospitals and clinics. It earns revenues from the sale of drugs, sale of medical instruments, and repairs maintenance and other services.

CHC Healthcare Group (TPE:4164) Headlines

No Headlines