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Fortress Resorts (COL:RHTL.N0000) Momentum Rank : 0 (As of May. 26, 2024)


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What is Fortress Resorts Momentum Rank?

Fortress Resorts 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.

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

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Fortress Resorts (COL:RHTL.N0000) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Fortress Resorts PLC (COL:RHTL.N0000) » Definitions » Momentum Rank
Comparable Companies
TSXV:MCG XAMS:TBIRD TSXV:MAP ASX:AQS IST:MERIT COL:CONN.N0000 XPAR:SFCA BOM:526550 SGX:5EL IST:AYCES HKSE:08052 IST:PKENT TBTC BSE:EFO HKSE:00070 XKLS:1287 STC:RIC BOM:503831 CYS:ANC CYS:LHH
Traded in Other Exchanges
N/A
Address
No 20, Dharmapala Mawatha, Colombo, LKA, 03
Website
https://www.thefortress.lk
Fortress Resorts PLC operates in the hotel and restaurant divisions. The company offers lodging, food, beverage, and other hospitality involving related services. The company's revenue sources include room revenue, food revenue, spa revenue, laundry income, wedding income, transportation income, and income from other hotel operations.

Fortress Resorts (COL:RHTL.N0000) Headlines

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