Zentiva (BSE:SCD) Momentum Rank : 9 (As of May. 24, 2024)

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What is Zentiva Momentum Rank?

Zentiva has the Momentum Rank of 9.

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 Zentiva's Momentum Rank

For the Drug Manufacturers - Specialty & Generic subindustry, Zentiva'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.

Zentiva's Momentum Rank Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Zentiva's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Zentiva's Momentum Rank falls into.

Zentiva Momentum Rank Related Terms

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Zentiva (BSE:SCD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Zentiva SA (BSE:SCD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

50, Theodor Pallady Boulevard, Sector 3, Bucharest, ROU, 032266

Website

https://www.zentiva.ro

Zentiva SA is a Romania-based producer of medicines on the local market. The product portfolio of Zentiva SA includes 126 products for human use, such as solids (tablets, capsules, and pellets) and injectable solutions.