Intelligent Ultrasound Group (LSE:IUG) Momentum Rank : 0 (As of Jun. 10, 2024)

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What is Intelligent Ultrasound Group Momentum Rank?

Intelligent Ultrasound Group 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.

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Intelligent Ultrasound Group (LSE:IUG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Intelligent Ultrasound Group PLC (LSE:IUG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

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Address

114-116 St Mary Street, Floor 6A, Hodge House, Cardiff, GBR, CF10 1DY

Website

https://www.intelligentultrasound.com

Intelligent Ultrasound Group PLC is engaged in the development, marketing, and distribution of ultrasound simulation devices for use in the training of medical professionals. Its product categories ScanTrainer; HeartWorks; BodyWorks; and ORSIM Bronchoscopy Simulator. The Company has two reportable segments such as Simulation which involves sales of ultrasound simulation systems and related services , Clinical AI which is involved in sales of AI-related ultrasound image analysis software products. The company earns majority of its revenue from Simulation segment . Geographically, it has a presence in the United Kingdom, North America, and the Rest of the World. It derives most of its revenue from the Rest of the World.

Intelligent Ultrasound Group (LSE:IUG) Headlines

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