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kneat.com (TSX:KSI) Momentum Rank : 9 (As of Jun. 11, 2024)


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What is kneat.com Momentum Rank?

kneat.com 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 kneat.com's Momentum Rank

For the Health Information Services subindustry, kneat.com'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.

kneat.com's Momentum Rank Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, kneat.com's Momentum Rank distribution charts can be found below:

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


kneat.com Momentum Rank Related Terms

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kneat.com (TSX:KSI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » kneat.com Inc (TSX:KSI) » Definitions » Momentum Rank
Comparable Companies
TSX:VHI TSXV:OKAI TSXV:XYBN TSXV:DOC TSXV:ADK XCNQ:HS XCNQ:AIAI TSXV:THNK TSXV:NEWU TSXV:NURS VEEV GEHC TSE:2413 HQY ASX:PME RCM TXG DOCS PGNY EVH
Traded in Other Exchanges
KSIOF:USA FOBK:Germany
Address
Hawthorn House, Plassey Business Campus, Castletroy, Limerick, IRL, V945F68
Website
https://www.kneat.com
kneat.com Inc is in the business of developing and marketing a software application for modeling regulated data-intensive processes for regulated industries, focusing on the life sciences industry. The company has developed the Kneat Gx solution which provides management real-time visibility and control and increases product, quality, and compliance. In addition, it provides software-related services including training, installation, upgrades, consulting and maintenance, which include product support services.
Executives
Ian Ainsworth Director, Senior Officer