Byke Hospitality (BOM:531373) Momentum Rank : 10 (As of Mar. 16, 2025)

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What is Byke Hospitality Momentum Rank?

Byke Hospitality has the Momentum Rank of 10.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Byke Hospitality's Momentum Rank

For the Lodging subindustry, Byke Hospitality'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.

Byke Hospitality's Momentum Rank Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Byke Hospitality's Momentum Rank falls into.

Byke Hospitality Momentum Rank Related Terms

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Byke Hospitality Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Byke Hospitality Ltd (BOM:531373) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BYKE:India

Address

Shree Shakambhari Corporate Park, Plot Number 156-158, Chakravati Ashok Complex, Near Cambridge School, J. B. Nagar, Andheri (East), Sunil Patodia Tower, Mumbai, MH, IND, 400099

Website

https://www.thebyke.com

Byke Hospitality Ltd is a company operating in the hospitality sector. Its hotels and resorts include The Byke Heritage, The Byke Old Anchor, The Byke Neelkanth, The Byke Grassfield, The Byke Suraj Plaza, and The Byke Nature Villas. It has its presence in 9 states and 16 cities, the company has a portfolio of over 1300+ rooms across 19 hotels, which it owns, manages, and operates through lease and management contracts. Byke has approx 17 operational properties currently.

Byke Hospitality Headlines

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