Looks Health Services (BOM:534422) Momentum Rank : 5 (As of May. 21, 2024)

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What is Looks Health Services Momentum Rank?

Looks Health Services has the Momentum Rank of 5.

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 Looks Health Services's Momentum Rank

For the Medical Care Facilities subindustry, Looks Health Services'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.

Looks Health Services's Momentum Rank Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Looks Health Services's Momentum Rank falls into.

Looks Health Services Momentum Rank Related Terms

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Looks Health Services (BOM:534422) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Looks Health Services Ltd (BOM:534422) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nagindas Master Lane, Hutatma Chowk, 5 & 9, Floor - 1 and 2, Plot - 27 and 33, Beaumon Chambers, Fort, Mumbai, MH, IND, 400001

Website

https://www.looksclinic.in

Looks Health Services Ltd is an India-based company that operates under the segment named Cosmetic & Non-Cosmetic Treatments. The company is engaged in providing dental, cosmetic, and non-cosmetic treatment services, and the sale of supporting medicines. It provides treatment services which include hair transplant services, cosmetic surgeries like face surgery, breast surgery and body surgery, skin treatment services, cosmetic dentistry services, and weight reduction services. The company generates revenue from the sale of medicines and services, and interest income. The majority of the revenue is generated from the sale of services.

Looks Health Services (BOM:534422) Headlines

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