Aesthetic Medical International Holdings Group (Aesthetic Medical International Holdings Group) Momentum Rank : 1 (As of Apr. 29, 2024)

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What is Aesthetic Medical International Holdings Group Momentum Rank?

Aesthetic Medical International Holdings Group has the Momentum Rank of 1.

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 Aesthetic Medical International Holdings Group's Momentum Rank

For the Medical Care Facilities subindustry, Aesthetic Medical International Holdings 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.

Aesthetic Medical International Holdings Group's Momentum Rank Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Aesthetic Medical International Holdings Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Aesthetic Medical International Holdings Group's Momentum Rank falls into.

Aesthetic Medical International Holdings Group Momentum Rank Related Terms

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Aesthetic Medical International Holdings Group (Aesthetic Medical International Holdings Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Aesthetic Medical International Holdings Group Ltd (NAS:AIH) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

3FMA:Germany 3FMA:Germany

Address

1122 Nanshan Boulevard, Nanshan District, Guangdong Province, Shenzhen, CHN, 518052

Website

https://ir.aihgroup.net

Aesthetic Medical International Holdings Group Ltd provides aesthetic medical services in China. The company generates revenue from four service offerings: non-surgical aesthetic medical services, surgical aesthetic medical services, other aesthetic medical services, and general healthcare services in the People's Republic of China. The company derives a majority of its revenue from Non-surgical aesthetic medical services. Geographically, it derives revenue from China.