Mandarin Hotel PCL (BKK:MANRIN) Momentum Rank : 3 (As of May. 13, 2024)

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What is Mandarin Hotel PCL Momentum Rank?

Mandarin Hotel PCL has the Momentum Rank of 3.

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 Mandarin Hotel PCL's Momentum Rank

For the Lodging subindustry, Mandarin Hotel 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.

Mandarin Hotel PCL's Momentum Rank Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Mandarin Hotel PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Mandarin Hotel PCL's Momentum Rank falls into.

Mandarin Hotel PCL Momentum Rank Related Terms

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Mandarin Hotel PCL (BKK:MANRIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Mandarin Hotel PCL (BKK:MANRIN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

662 Rama 4 Road, Mahaprutharam Subdistrict,, Bang Rak District, Bangkok, THA, 10500

Website

https://www.mandarin-bkk.com

Mandarin Hotel PCL is engaged in the hotel and resort business. The firm through its hotels and resorts provides accommodation, food and drink, a spa, a swimming pool, a fitness center, catering, and other related services. The company has two geographical segments; Hotel business and Hotel for lease, which operates only in Thailand.

Mandarin Hotel PCL (BKK:MANRIN) Headlines

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