Ambassador Hotel (TPE:2704) Momentum Rank : 9 (As of Sep. 21, 2024)

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What is Ambassador Hotel Momentum Rank?

Ambassador Hotel has the Momentum Rank of 9.

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 Ambassador Hotel's Momentum Rank

For the Lodging subindustry, Ambassador Hotel'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.

Ambassador Hotel's Momentum Rank Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Ambassador Hotel's Momentum Rank falls into.

Ambassador Hotel Momentum Rank Related Terms

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Ambassador Hotel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ambassador Hotel Ltd (TPE:2704) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongshan North Road, No. 9, Lane 65, Section 2, Zhongshan District, Taipei, TWN, 104204

Website

https://www.ambassador-hotels.com

Ambassador Hotel Ltd operates in the lodging industry and engages in the operation and management of international hotels and within it restaurants, cafes, lounge bars, and clubs. The company operates in three segments based on the food service and accommodations in that area: Taipei, Hsinchu, and Kaohsiung. The majority of its revenue comes from Food and beverage sales, followed by Room revenue.

Ambassador Hotel Headlines

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