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SheerVision (SheerVision) Momentum Rank : 0 (As of Jun. 06, 2024)


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What is SheerVision Momentum Rank?

SheerVision 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.

SheerVision Momentum Rank Related Terms

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SheerVision (SheerVision) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » SheerVision Inc (OTCPK:SVSO) » Definitions » Momentum Rank
Comparable Companies
XPAR:ALSAF BOM:527005 XSAT:EURI B BOM:524502 XCNQ:PDTI WAR:COR LENSF WHSI XSAT:CARE ASX:MGZ BOM:531380 ASNB REMI BOM:533212 AKER TSXV:RLV NURO RSCF XPAR:BUP BKK:STHAI
Traded in Other Exchanges
N/A
Address
4030 Palos Verdes Drive N., Suite 104, Rolling Hills, CA, USA, 90274
Website
http://www.sheervision.com
SheerVision Inc designs, manufactures, markets, and sells proprietary surgical loupes and headlight systems to the dental, medical, and veterinary markets throughout the world. The company sells its products through distributors and e-commerce Website.

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