Profarma Distribuidora De Produtos Farmaceuticos (BSP:PFRM3) Momentum Rank : 9 (As of Apr. 27, 2024)

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What is Profarma Distribuidora De Produtos Farmaceuticos Momentum Rank?

Profarma Distribuidora De Produtos Farmaceuticos has the Momentum Rank of 9.

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 Profarma Distribuidora De Produtos Farmaceuticos's Momentum Rank

For the Medical Distribution subindustry, Profarma Distribuidora De Produtos Farmaceuticos'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.

Profarma Distribuidora De Produtos Farmaceuticos's Momentum Rank Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Profarma Distribuidora De Produtos Farmaceuticos's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Profarma Distribuidora De Produtos Farmaceuticos's Momentum Rank falls into.

Profarma Distribuidora De Produtos Farmaceuticos Momentum Rank Related Terms

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Profarma Distribuidora De Produtos Farmaceuticos (BSP:PFRM3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Profarma Distribuidora De Produtos Farmaceuticos SA (BSP:PFRM3) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida Ayrton Senna, 2.150, Bloco P, 3rd floor andar, Barra da Tijuca, RJ, BRA, 22775-900

Website

https://www.profarma.com.br

Profarma Distribuidora Produtos Farmaceuticos SA is a Brazil-based company. It is engaged in wholesale and distribution of pharmaceuticals, cosmetics and similar products, and toiletries. Profarma also holds interests in other companies, regardless of their business sector. The company through its logistics department distributes products in the South, Southeast, Northeast and Center-West regions of Brazil. The firm operates in the pharmaceutical distribution, hospital and specialty, retail segments.

Profarma Distribuidora De Produtos Farmaceuticos (BSP:PFRM3) Headlines

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