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Raffles Medical Group (Raffles Medical Group) 12-1 Month Momentum % : -31.34% (As of May. 23, 2024)


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What is Raffles Medical Group 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-05-23), Raffles Medical Group's 12-1 Month Momentum % is -31.34%.

The industry rank for Raffles Medical Group's 12-1 Month Momentum % or its related term are showing as below:

RAFLF's 12-1 Month Momentum % is ranked worse than
62.87% of 649 companies
in the Healthcare Providers & Services industry
Industry Median: -13.91 vs RAFLF: -31.34

Competitive Comparison of Raffles Medical Group's 12-1 Month Momentum %

For the Medical Care Facilities subindustry, Raffles Medical Group's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % 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.


Raffles Medical Group's 12-1 Month Momentum % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Raffles Medical Group's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Raffles Medical Group's 12-1 Month Momentum % falls into.



Raffles Medical Group  (OTCPK:RAFLF) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Raffles Medical Group  (OTCPK:RAFLF) 12-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


Raffles Medical Group 12-1 Month Momentum % Related Terms

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Raffles Medical Group (Raffles Medical Group) Business Description

Traded in Other Exchanges
Address
585 North Bridge Road, No. 11-00, Raffles Hospital, Singapore, SGP, 188770
Raffles Medical Group Ltd is an integrated private healthcare provider in Asia with operations in Singapore, China, Japan, Vietnam, and Cambodia. The company owns and operates a tertiary hospital, a network of medical and dental clinics, insurance services, Japanese and Traditional Chinese Medicine clinics, and a consumer healthcare division. The Hospital services segment provides medical services and operates hospitals, medical laboratories, and imaging centers. The Healthcare Services segment operates medical clinics and other general medical services, provides health insurance, trades pharmaceutical and nutraceutical products and diagnostic equipment, and provides management and consultancy services. The Investment holding segment involves investment in properties.

Raffles Medical Group (Raffles Medical Group) Headlines