Reef Casino Trust (ASX:RCT) Momentum Rank : 1 (As of May. 13, 2024)

View and export this data going back to 1994. Start your Free Trial

What is Reef Casino Trust Momentum Rank?

Reef Casino Trust has the Momentum Rank of 1.

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 Reef Casino Trust's Momentum Rank

For the Resorts & Casinos subindustry, Reef Casino Trust'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.

Reef Casino Trust's Momentum Rank Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Reef Casino Trust's Momentum Rank falls into.

Reef Casino Trust Momentum Rank Related Terms

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

Reef Casino Trust (ASX:RCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Reef Casino Trust (ASX:RCT) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 3, 249 Turbot Street, Sofitel Hotel, Brisbane, QLD, AUS, 4000

Website

https://www.reefcasino.com.au

Reef Casino Trust is engaged in the operation of the reef hotel-casino complex located in Cairns, Queensland, Australia. The company derives revenue from the casino which includes electronic gaming and table games, and hotel which includes room accommodation and food and beverage. The majority of the revenue is generated from the rental income received from the casino operations.

Reef Casino Trust (ASX:RCT) Headlines

No Headlines