Constantinou Bros Hotels (CYS:CBH) Momentum Rank : 0 (As of May. 26, 2024)

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What is Constantinou Bros Hotels Momentum Rank?

Constantinou Bros Hotels 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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Constantinou Bros Hotels (CYS:CBH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Constantinou Bros Hotels Ltd (CYS:CBH) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

77, Poseidonos Street, P.O.Box 60182, Kato Pafos, CYP, 8101

Website

http://www.cbh-cyprus.com

Constantinou Bros Hotels Ltd is a Cyprus-based company engaged in the hotel industry. It owns and manages the following hotels: Athena Beach Hotel, Athena Royal Beach Hotel, Pioneer Beach Hotel, and Asimina Suites Hotel. It offers a range of holiday services, organization of weddings and events, as well as an equipped conference center.