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Tendo AB (XSAT:TENDO) Momentum Rank : 0 (As of May. 24, 2024)


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What is Tendo AB Momentum Rank?

Tendo AB 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.

Tendo AB Momentum Rank Related Terms

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Tendo AB (XSAT:TENDO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tendo AB (XSAT:TENDO) » Definitions » Momentum Rank
Comparable Companies
XSAT:MFA XSAT:POLAR OSTO:HEMC XSAT:MONI OSTO:PHLOG B XSAT:CRBX XSAT:MEDF OSTO:QLIFE XSAT:PEXA B XSAT:SDET ABT SYK MDT BSX SZSE:300760 EW DXCM ZBH STE XAMS:PHIA
Traded in Other Exchanges
7ZO:Germany
Address
Scheelevagen 15, Lund, SWE, 22363
Website
https://www.tendoforpeople.se
Tendo AB is a medical technology company that develops robotic medical devices. It is in the process of developing the product Tendo OneGrip, a glove with a so-called integrated exoskeleton, which assists people with limited hand function as a result of a spinal cord injury.

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