GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Six Flags Entertainment Corp (BSP:S2IX34) » Definitions » Momentum Rank

Six Flags Entertainment (BSP:S2IX34) Momentum Rank : 0 (As of May. 26, 2024)


View and export this data going back to 2023. Start your Free Trial

What is Six Flags Entertainment Momentum Rank?

Six Flags Entertainment 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.

Six Flags Entertainment Momentum Rank Related Terms

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

Six Flags Entertainment (BSP:S2IX34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Six Flags Entertainment Corp (BSP:S2IX34) » Definitions » Momentum Rank
Comparable Companies
VSTO FUN MSGE BOWL OSW LTH PTON MODG YETI PRKS TSE:4661 HKSE:02020 LSE:CCL TSE:7309 TSE:7832 HAS AS HKSE:02331 MAT HKSE:09992
Traded in Other Exchanges
SIX:USA 6FE:Germany
Address
1000 Ballpark Way, Suite 400, Arlington, TX, USA, 76011
Website
https://www.sixflags.com
Six Flags Entertainment Corp owns and operate regional theme parks and water parks. The company operates around 27 theme parks and waterparks, 24 are located in the United States, two are located in Mexico and one is located in Montreal, Canada. The parks generally offer various rides, water attractions, themed areas, concerts, restaurants, game venues, and merchandise outlets.

Six Flags Entertainment (BSP:S2IX34) Headlines

No Headlines