GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Paxman AB (FRA:B0F) » Definitions » Momentum Rank

Paxman AB (FRA:B0F) Momentum Rank : 0 (As of May. 26, 2024)


View and export this data going back to 2022. Start your Free Trial

What is Paxman AB Momentum Rank?

Paxman 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.

Paxman AB Momentum Rank Related Terms

Thank you for viewing the detailed overview of Paxman AB's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Paxman AB (FRA:B0F) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Paxman AB (FRA:B0F) » Definitions » Momentum Rank
Comparable Companies
OSTO:STIL OSTO:PRO OSTO:INTEG B OSTO:SPEC OSTO:OSSD OSTO:BOUL OSTO:SEZI OSTO:MNTC OSTO:BRAIN OSTO:EPIS B ABT SYK MDT BSX SZSE:300760 EW DXCM ZBH STE XAMS:PHIA
Traded in Other Exchanges
PXMBF:USA PAX:Sweden
Address
Pirgatan 13, Karlshamn, SWE, SE-374 35
Website
https://www.paxman.se
Paxman AB is a Sweden based company engages in the development of PAXMAN Scalp Cooling System that is used to minimize hair loss in connection with chemotherapy treatment. The company offers a stand-alone, mobile electric cooling unit, which is a liquid-based cooling system that cools down the patient's scalp through the silicone hat. Geographically the company markets its product to Great Britain, Scandinavian countries, the Netherlands, Belgium, and Australia.

Paxman AB (FRA:B0F) Headlines

No Headlines