Carelabs Co (XKRX:263700) Momentum Rank : 2 (As of May. 25, 2024)

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What is Carelabs Co Momentum Rank?

Carelabs Co 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 Carelabs Co's Momentum Rank

For the Health Information Services subindustry, Carelabs Co'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.

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

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

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

Carelabs Co Momentum Rank Related Terms

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Carelabs Co (XKRX:263700) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Carelabs Co Ltd (XKRX:263700) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Street, Banpo Road, 2nd Floor, Doowon Building, Seocho-Gu, Seocho-dong, Seoul, KOR, 06648

Website

http://www.carelabs.co.kr

Carelabs Co Ltd is an Ireland based company engages in the provision of healthcare information technology services. The company provides clinic information, clinic customer management software, and digital marketing solutions. Its healthcare media platform includes GoodDak, a mobile medical information service; and Barbietk, a healthcare service that shares domestic cosmetic, skin care, and diet reviews.

Carelabs Co (XKRX:263700) Headlines

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