Dr Agarwal'S Eye Hospital (BOM:526783) Momentum Rank : 1 (As of May. 21, 2024)

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What is Dr Agarwal'S Eye Hospital Momentum Rank?

Dr Agarwal'S Eye Hospital 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 Dr Agarwal'S Eye Hospital's Momentum Rank

For the Medical Care Facilities subindustry, Dr Agarwal'S Eye Hospital'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.

Dr Agarwal'S Eye Hospital's Momentum Rank Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Dr Agarwal'S Eye Hospital's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Dr Agarwal'S Eye Hospital's Momentum Rank falls into.

Dr Agarwal'S Eye Hospital Momentum Rank Related Terms

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Dr Agarwal'S Eye Hospital (BOM:526783) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Dr Agarwal'S Eye Hospital Ltd (BOM:526783) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

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Address

No. 4, Moores Road, Off Greams Road, 3rd Floor, Buhari Towers, Near Asan Memorial School, Chennai, TN, IND, 600 006

Website

https://www.dragarwal.com

Dr Agarwal'S Eye Hospital Ltd is a provider of eye care and related services. The company's specialty services include Cataract, Glaucoma, Laser Correction, Cornea and Refractive, Retina, Squint, Paediatric Ophthalmology, Neuro-Ophthalmology, Uvea, and Orbit and Oculoplasty. The firm generates its revenue from the sale of Opticals, Pharmaceutical Products, Contact Lens and Accessories, and others.

Dr Agarwal'S Eye Hospital (BOM:526783) Headlines

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