Dechra Pharmaceuticals (Dechra Pharmaceuticals) Momentum Rank : 6 (As of May. 17, 2024)

View and export this data going back to 2009. Start your Free Trial

What is Dechra Pharmaceuticals Momentum Rank?

Dechra Pharmaceuticals has the Momentum Rank of 6.

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 Dechra Pharmaceuticals's Momentum Rank

For the Drug Manufacturers - General subindustry, Dechra Pharmaceuticals'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.

Dechra Pharmaceuticals's Momentum Rank Distribution in the Drug Manufacturers Industry

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

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

Dechra Pharmaceuticals Momentum Rank Related Terms

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

Dechra Pharmaceuticals (Dechra Pharmaceuticals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Dechra Pharmaceuticals PLC (OTCPK:DCHPF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

DPHAY:USA DPHl:UK DPH:UK 1PK:Germany

Address

24 Cheshire Avenue, Cheshire Business Park, Lostock Gralam, Northwich, GBR, CW9 7UA

Website

https://www.dechra.com

Dechra Pharmaceuticals PLC is a major drug manufacturing company with a focus on veterinary pharmaceutical products. The company develops, manufactures, and markets its products exclusively for veterinarians globally. Dechra is structured along three segments, including being European Pharmaceuticals, North American Pharmaceuticals, and Pharmaceuticals Research and Development. The vast majority of Dechra's revenue is generated in Europe, followed by the U.S. Dechra derives most of its revenue through its Companion Animal Product category, followed by food-producing animal products.

Dechra Pharmaceuticals (Dechra Pharmaceuticals) Headlines

From GuruFocus

Ron Baron Comments on Dechra Pharmaceuticals

By Sydnee Gatewood Sydnee Gatewood • 07-29-2020

Ron Baron Comments on Dechra Pharmaceuticals PLC

By Holly LaFon Holly LaFon • 01-24-2019