The Keg Royaltiesome Fund (TSX:KEG.UN) Momentum Rank

: 8 (As of Today)

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The Keg Royaltiesome Fund 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

For the Restaurants subindustry, The Keg Royaltiesome Fund'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.

The Keg Royaltiesome Fund Momentum Rank Distribution

For the Restaurants industry and Consumer Cyclical sector, The Keg Royaltiesome Fund's Momentum Rank distribution charts can be found below:

* The bar in red indicates where The Keg Royaltiesome Fund's Momentum Rank falls into.

The Keg Royaltiesome Fund Momentum Rank Related Terms

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The Keg Royaltiesome Fund (TSX:KEG.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » The Keg Royalties Income Fund (TSX:KEG.UN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

KRIUF:USA

Address

10100 Shellbridge Way, Richmond, BC, CAN, V6X 2W7

Website

http://www.kegincomefund.com

The Keg Royalties Income Fund is a Canada-based company. The organization works in the Restaurant business sector. Its primary activity is operating and franchising keg steakhouses and bar restaurants in Canada and the United States. The target market of this company is those people who want a higher-end casual dining experience.

The Keg Royaltiesome Fund (TSX:KEG.UN) Headlines

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