Mahindra Holidays & Resorts India (NSE:MHRIL) Momentum Rank : 8 (As of May. 23, 2024)

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What is Mahindra Holidays & Resorts India Momentum Rank?

Mahindra Holidays & Resorts India has the Momentum Rank of 8.

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 Mahindra Holidays & Resorts India's Momentum Rank

For the Resorts & Casinos subindustry, Mahindra Holidays & Resorts India'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.

Mahindra Holidays & Resorts India's Momentum Rank Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Mahindra Holidays & Resorts India's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Mahindra Holidays & Resorts India's Momentum Rank falls into.

Mahindra Holidays & Resorts India Momentum Rank Related Terms

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Mahindra Holidays & Resorts India (NSE:MHRIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Mahindra Holidays & Resorts India Ltd (NSE:MHRIL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

533088:India

Address

Dr. G.M. Bhosle Marg, P.K. Kurne Chowk, Mahindra Towers, 1st Floor, A Wing, Worli, Mumbai, MH, IND, 400 018

Website

https://www.clubmahindra.com

Mahindra Holidays & Resorts India Ltd is a resort and casino company that operates timeshares. The company's operating segment includes Mahindra Holidays and Resorts India Limited (MHRIL) and Holiday Club Resorts Oy (HCRO). It generates maximum revenue from the HCRO segment. The business sells family-based timeshares and has a variety of vacation options, such as water sports, adventure sports, hobby programs, and camping. It has a network of resorts that have beaches, wildlife sanctuaries, and cultural landmarks.

Mahindra Holidays & Resorts India (NSE:MHRIL) Headlines

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