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SD Biosensor (XKRX:137310) Momentum Rank : 0 (As of May. 26, 2024)


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What is SD Biosensor Momentum Rank?

SD Biosensor 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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SD Biosensor (XKRX:137310) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » SD Biosensor Inc (XKRX:137310) » Definitions » Momentum Rank
Comparable Companies
XKRX:145720 XKRX:119610 XKRX:099430 XKRX:039840 XKRX:314930 XKRX:179290 XKRX:261200 XKRX:049180 XKRX:246720 XKRX:059210 ISRG XPAR:EL BDX TSE:7741 XSWX:ALC WST OCSE:COLO B RMD TSE:4543 XSWX:STMN
Traded in Other Exchanges
N/A
Address
16, Deogyeong-daero 1556 beon-gil, C-4&5Floor, Yeongtong-gu, Gyeonggi-do, Suwon-si, KOR, 16690
Website
https://www.sdbiosensor.co.in
SD Biosensor Inc is an in vitro diagnostic company. It aims to contribute to the improvement of quality of life through rapid and accurate disease diagnosis. It is researching and developing quick diagnostics, immunodiagnostics, molecular diagnostics, blood glucose monitoring systems for self -testing.

SD Biosensor (XKRX:137310) Headlines

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