GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Hostmore PLC (LSE:MORE) » Definitions » Momentum Rank

Hostmore (LSE:MORE) Momentum Rank : 0 (As of May. 27, 2024)


View and export this data going back to 2021. Start your Free Trial

What is Hostmore Momentum Rank?

Hostmore 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.

Hostmore Momentum Rank Related Terms

Thank you for viewing the detailed overview of Hostmore's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Hostmore (LSE:MORE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Hostmore PLC (LSE:MORE) » Definitions » Momentum Rank
Comparable Companies
LSE:MEX LSE:VARE LSE:PIER LSE:NGHT LSE:HVT LSE:COM LSE:RBG LSE:TAST LSE:DVT LSE:DPP MCD SBUX CMG LSE:CPG YUM TSX:QSP.UN TSX:QSR YUMC DRI HKSE:06862
Traded in Other Exchanges
N/A
Address
Yeoman Way, Highdown House, Worthing, West Sussex, GBR, BN99 3HH
Website
https://www.hostmoregroup.com
Hostmore PLC is engaged in the hospitality business with its current operations focused on the American-themed casual dining brand, Fridays, and the cocktail-led bar and restaurant brand, 63rd+1st. Fridays brand offers authentic American food, an innovative cocktail list, and a high level of personal service. 63rd+1st brand offers a wide range of premium cocktails, spirits, beers, and wine.

Hostmore (LSE:MORE) Headlines

From GuruFocus

MORE Residential and Stockbridge Announce $4 Billion Single-Family Rental Joint Venture

By PRNewswire PRNewswire • 12-15-2021