Ten Entertainment Group (LSE:TEG) Momentum Rank : 0 (As of May. 15, 2024)

View and export this data going back to 2017. Start your Free Trial

What is Ten Entertainment Group Momentum Rank?

Ten Entertainment Group 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.

Ten Entertainment Group Momentum Rank Related Terms

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

Ten Entertainment Group (LSE:TEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ten Entertainment Group PLC (LSE:TEG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

TEGl:UK 6YA:Germany

Address

Aragon House, University Way, Cranfield Technology Park, Cranfield, Bedford, GBR, MK43 0EQ

Website

https://www.tegplc.co.uk

Ten Entertainment Group PLC is a United Kingdom-based operator of family entertainment centers. Its entertainment options include amusement machines, table tennis, pool tables, Houdini's Escape Rooms, soft play, and laser games. These centers are located in retail and leisure parks. The company operates in two segments: Tenpin Limited and Central. All of the company revenue comes from Tenpin Limited, which is a bowling operator in the United Kingdom.

Ten Entertainment Group (LSE:TEG) Headlines

No Headlines