Royal Orchid Hotels (BOM:532699) Momentum Rank : 7 (As of May. 20, 2024)

View and export this data going back to 2006. Start your Free Trial

What is Royal Orchid Hotels Momentum Rank?

Royal Orchid Hotels has the Momentum Rank of 7.

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 Royal Orchid Hotels's Momentum Rank

For the Lodging subindustry, Royal Orchid Hotels'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.

Royal Orchid Hotels's Momentum Rank Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Royal Orchid Hotels's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Royal Orchid Hotels's Momentum Rank falls into.

Royal Orchid Hotels Momentum Rank Related Terms

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

Royal Orchid Hotels (BOM:532699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Royal Orchid Hotels Ltd (BOM:532699) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ROHLTD:India

Address

No. 1, Golf Avenue, HAL Airport Road, Adjoining KGA Golf Course, Kodihalli, Bangalore, KA, IND, 560 008

Website

https://www.royalorchidhotels.com

Royal Orchid Hotels Ltd is an Indian company involved in accommodation and food service activities, such as hotels, resorts, and restaurants, and food and beverage services activities, such as restaurants and mobile food services. It operates and manages hotels/resorts, and provides related services. It offers a range of options for business hotels ranging from luxurious five-star hotels to economy business hotels. The company operates hotels in different parts of India including Ahmedabad, Amritsar, Bangalore, Chandigarh, Chennai, Dwarka, Goa, Gurgaon, Haridwar, Jaipur, Kolkata, and Mahabaleshwar among others.

Royal Orchid Hotels (BOM:532699) Headlines

No Headlines