Grande Asset Hotels And Property PCL (BKK:GRAND) Momentum Rank : 2 (As of May. 15, 2024)

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What is Grande Asset Hotels And Property PCL Momentum Rank?

Grande Asset Hotels And Property PCL has the Momentum Rank of 2.

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 Grande Asset Hotels And Property PCL's Momentum Rank

For the Lodging subindustry, Grande Asset Hotels And Property PCL'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.

Grande Asset Hotels And Property PCL's Momentum Rank Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Grande Asset Hotels And Property PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Grande Asset Hotels And Property PCL's Momentum Rank falls into.

Grande Asset Hotels And Property PCL Momentum Rank Related Terms

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Grande Asset Hotels And Property PCL (BKK:GRAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Grande Asset Hotels And Property PCL (BKK:GRAND) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

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Address

Sukhumvit Road, Room No 3203-4 32nd Floor, 388, Exchange Tower Building, Klongtoey Sub-district, Klongtoey District, Bangkok, THA, 10110

Website

https://www.grandeasset.com

Grande Asset Hotels And Property PCL is a company. operates in the hotel industry. Its operating segments include Hotel business; Rental business, and Property development business., of which prime revenue is derived from the Hotel business segment. The company focuses its business and long-term investment in hotels that are international and globally managed brands and real estate development. Its property portfolio includes Sheraton Hua Hin Pranburi Villas, Sheraton Hua Hin Resort & Spa Hotel, The Westin Grande Sukhumvit, Hyde Sukhumvit Condominium, Hua Hin Blue Lagoon Resort, and The Trendy Condominium.

Grande Asset Hotels And Property PCL (BKK:GRAND) Headlines

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