GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Dolphin Cove Ltd (XJAM:DCOVE) » Definitions » Momentum Rank

Dolphin Cove (XJAM:DCOVE) Momentum Rank : 0 (As of May. 26, 2024)


View and export this data going back to 2010. Start your Free Trial

What is Dolphin Cove Momentum Rank?

Dolphin Cove 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.

Dolphin Cove Momentum Rank Related Terms

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

Dolphin Cove (XJAM:DCOVE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Dolphin Cove Ltd (XJAM:DCOVE) » Definitions » Momentum Rank
Comparable Companies
WESC BOM:538521 BOM:526795 NGM:SPIN MTF BOM:540703 BOM:511451 BOM:531338 QSMG BOM:538731 LSE:KIN SCRH BOM:539222 BOM:526588 WAR:DIN WAR:SFI BOM:526628 BSP:ESTR4 BOM:509953 XSAT:WTG TSXV:HIT
Traded in Other Exchanges
N/A
Address
Belmont Road, P.O. Box 21, Saint Ann, Ocho Rios, JAM
Website
https://www.dolphincoveja.com
Dolphin Cove Ltd operates tourist attraction in Jamaica. Its principal activitiy includes operation of a tourist attraction comprising dolphin programmes and ancillary operations such as restaurants, gift and video shops at several locations.

Dolphin Cove (XJAM:DCOVE) Headlines

No Headlines