Shangri-La Asia (HKSE:00069) Momentum Rank : 7 (As of Apr. 28, 2024)

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What is Shangri-La Asia Momentum Rank?

Shangri-La Asia 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 Shangri-La Asia's Momentum Rank

For the Lodging subindustry, Shangri-La Asia'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.

Shangri-La Asia's Momentum Rank Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Shangri-La Asia's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shangri-La Asia's Momentum Rank falls into.

Shangri-La Asia Momentum Rank Related Terms

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Shangri-La Asia (HKSE:00069) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shangri-La Asia Ltd (HKSE:00069) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SHALY:USA SHALF:USA S07:Singapore SHN:Germany

Address

683 King's Road, 28th Floor Kerry Centre, Quarry Bay, Hong Kong, HKG

Website

https://www.shangri-la.com

Shangri-La Asia Ltd owns and manages hotels in The People's Republic of China under the brands Shangri-La Hotels, Shangri-La Resorts, Kerry Hotels, Hotel Jen, and Traders Hotels. Other countries in which the group has its presence include Singapore, The Philippines, Malaysia, Thailand, Japan, Australia, and a few Other Countries. Other than hotel operations, the group also engaged in golf course operations in Bali, Indonesia, and wine trading in Hong Kong. Its business is organized into Hotel Properties, Hotel management and Related services, Investment Properties, and Property Development for sales. Revenues are generated from room rental, food and beverage sales, hotel management, Rental revenue from investment properties, and sales of properties.

Shangri-La Asia (HKSE:00069) Headlines

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