Coast Entertainment Holdings (Coast Entertainment Holdings) Momentum Rank : 8 (As of May. 15, 2024)

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What is Coast Entertainment Holdings Momentum Rank?

Coast Entertainment Holdings has the Momentum Rank of 8.

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 Coast Entertainment Holdings's Momentum Rank

For the Leisure subindustry, Coast Entertainment Holdings'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.

Coast Entertainment Holdings's Momentum Rank Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Coast Entertainment Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Coast Entertainment Holdings's Momentum Rank falls into.

Coast Entertainment Holdings Momentum Rank Related Terms

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Coast Entertainment Holdings (Coast Entertainment Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Coast Entertainment Holdings Ltd (OTCPK:ARDLF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MD8:Germany CEH:Australia

Address

83 Mount Street, Suite 601, Level 6, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.coastentertainment.com.au

Ardent Leisure is an owner and operator of leisure assets. Its theme park businesses are situated in Australia, including Dreamworld and WhiteWater World on the Gold Coast. The sale of Main Event in the U.S., completed in June 2022, was executed at a good price, and the proceeds led to a healthy distribution to shareholders. It leaves the group with just the theme parks unit.

Coast Entertainment Holdings (Coast Entertainment Holdings) Headlines

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