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Temple Hotels (FRA:T081) Momentum Rank : 0 (As of Jun. 20, 2024)


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What is Temple Hotels Momentum Rank?

Temple Hotels 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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Temple Hotels (FRA:T081) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Temple Hotels Inc (FRA:T081) » Definitions » Momentum Rank
Comparable Companies
TSE:4691 SGX:L38 BOM:523127 XKLS:3891 FSE:6076 TSE:9713 BKK:ROH WBO:WXF TPE:2748 TSE:6547 HKSE:00199 HKSE:00219 COL:AHPL.N0000 MEX:HOTEL JSE:CLH ISX:JIHD BOM:532390 NSA:TRANSCOHOT TPE:2739 INTG
Traded in Other Exchanges
N/A
Address
55 City Centre Drive, Suite 1000, Mississauga, ON, CAN, L5B 1M3
Website
http://www.templehotels.ca
Temple Hotels Inc owns hotel real estate in primary and secondary markets across Canada. Its segments include Fort McMurray, Other Alberta, and Other Canada. The properties portfolio of the company include British Columbia Properties, Alberta Properties, Saskatchewan Properties, Manitoba Properties, Ontario Properties, Nova Scotia Properties, and Northwest Territories Properties among others.

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