Hanatour Service (XKRX:039130) Momentum Rank : 9 (As of Jun. 24, 2024)

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What is Hanatour Service Momentum Rank?

Hanatour Service 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 Hanatour Service's Momentum Rank

For the Travel Services subindustry, Hanatour Service'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.

Hanatour Service's Momentum Rank Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Hanatour Service's Momentum Rank falls into.

Hanatour Service Momentum Rank Related Terms

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Hanatour Service (XKRX:039130) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Hanatour Service Inc (XKRX:039130) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

41, Insadong 5-gil, Jonro-gu, Seoul, KOR, 110-160

Website

http://www.hanatourcompany.com

Hanatour Service Inc is one of the largest Korean travel company serving the leisure industry. It provides travel packages of various styles aimed at meeting customer requirements. The company manages booking services through its online portal offering airline travel service, and hotel reservation options. It generates revenues through the sale of tour packages that it designs for specific customers.

Hanatour Service (XKRX:039130) Headlines

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