Emerald Leisures (BOM:507265) Momentum Rank : 2 (As of Jun. 23, 2024)

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What is Emerald Leisures Momentum Rank?

Emerald Leisures has the Momentum Rank of 2.

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 Emerald Leisures's Momentum Rank

For the Leisure subindustry, Emerald Leisures'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.

Emerald Leisures's Momentum Rank Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Emerald Leisures's Momentum Rank falls into.

Emerald Leisures Momentum Rank Related Terms

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Emerald Leisures (BOM:507265) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Emerald Leisures Ltd (BOM:507265) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Club Emerald Sports Complex, off E. Express Highway, Plot Number 366/15, Swastik Park, Near Sushrut and Mangal Anand Hospital, Chembur, Mumbai, MH, IND, 400071

Website

https://www.clubemerald.in

Emerald Leisures Ltd develops the sports complex in India. The company operates various facilities at the sports complex, including acquiring memberships for the sports complex, as well as a liquor bar. The facilities offered by the company include Leisure, Sports, Rooms, Dining, and Banquets. The company generates the majority of its revenue from Banquets and Restaurant income.

Emerald Leisures (BOM:507265) Headlines

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