STOCKREPORTS+

COUNTRY CLUB HOSPITALITY (CCHHL-IN)

DETAILED STOCK REPORT

Cyclical Consumer Services / Hotels & Entertainment Svcs. / Hotels & Cruise Lines

Report Date: November 18, 2015

Last Close

Avg Daily Vol

52-Week High

Trailing PE

Annual Div

ROE

LTG Forecast

1-Mo Return

10.70 (INR)

26,206

23.50

--

0.10

0.7%

--

0.9%

November 18, 2015

INDIA NATIONAL Exchange

Market Cap

52-Week Low

Forward PE

Dividend Yield

Annual Rev

Inst Own

3-Mo Return

1.7B

8.22

--

0.9%

4.9B

0.0%

-3.1%

AVERAGE SCORE
Score Averages

NEUTRAL OUTLOOK: CCHHL's current score

is relatively in-line with the market.

Hotels & Entertainment Svcs. Group: 5.1

Cyclical Consumer Services Sector: 5.2

Average Score Trend (4-Week Moving Avg)

Peers
ADVANIHOTR

Positive

CCHHL
Neutral

TGBHOTELS

Negative
NOV-2012

NOV-2013

NOV-2014

NOV-2015

HIGHLIGHTS

Micro Market Cap: 4.8

S&P BSE SENSEX Index: 7.0

-6M

-3M

-1M

-1W

Current
4

NR

1Y Trend

AHLEAST

NR

NR

NR

NR

NR

GRAVISSHO

NR

NR

THOMSON REUTERS I/B/E/S MEAN

- The score for Country Club Hospitality has been on a negative

trend from 6 to 4 over the past 4 weeks.
- The recent change in the Average Score was primarily due to a
decline in the Fundamental component score.

NA

Mean recommendation from all analysts covering

the company on a standardized 5-point scale.

0 Analysts

Sell

Reduce

Hold

Buy

Strong
Buy

PRICE AND VOLUME CHARTS

1-Year Return: -51.9%

5-Year Return: -38.9%

BUSINESS SUMMARY
Country Club Hospitality & Holidays Limited, formerly Country Club (India) Limited, provides hospitality services. The Company offers a range of
specialty services, which include member-clubbing hubs, holiday destinations, fitness centers and entertainment events. It has over 50 ownership
clubs, resorts and hotels in India, Middle East, Bangkok and Sri Lanka. It also offers over 25 member fitness centers and over 4,000 holiday exchange
associates and Country Vacations global hospitality associates. The Company's network consists of social clubs in urban hotspots, city-centric hotels,
wellness rejuvenation hubs, beachfront resorts, vacation homes, wildlife jungle lodges and water amusement parks. The Company offers a mobile
application and a Web portal to address holiday reservation, payment transfer, customer grievance and membership data updating facilities. Its
subsidiaries are Aquarian Realtors Private Limited, Bright Resorts Private Limited and Club Arzee Limited, among others.

Page 1 of 9
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STOCKREPORTS+

COUNTRY CLUB HOSPITALITY (CCHHL-IN)

DETAILED STOCK REPORT

Cyclical Consumer Services / Hotels & Entertainment Svcs. / Hotels & Cruise Lines

Report Date: November 18, 2015

INDICATOR COMPONENTS
The AVERAGE SCORE combines the quantitative analysis of five widely-used investment decision making tools: Earnings,
Fundamental, Relative Valuation, Risk, and Price Momentum. A simple average of the underlying component ratings is normally
distributed to rank stocks on a 1-10 scale (10 being awarded to the most favorable). These factors may be evaluated differently using
alternative methodologies and the importance of individual factors varies across industries, market capitalization and investment styles.
Additional criteria should always by used to evaluate a stock.
Earnings

Fundamental

Relative Valuation

Risk

Price Momentum

PEER ANALYSIS

Currency in INR
PRICE MOMENTUM

Average
Score Ticker

VALUATION

FUNDAMENTAL

ANALYSTS

Price
(11/18/15)

1-Mo
Return

3-Mo
Return

1-Yr
Return

Market
Cap

Trailing
PE

Forward
PE

Dividend
Yield

Net
Margin

LTG I/B/E/S
Forecast Mean

# of
Analysts

ORIENTHOT

20.80

-3.5%

-3.3%

-9.6%

3.7B

--

--

1.9%

4.2%

-- --

--

ASIANHOTNR

130.00

4.0%

9.2%

7.7%

2.5B

--

--

--

--

-- --

--

MCCHRLS.B

199.00

-0.5%

-0.2%

49.6%

2.5B

--

--

4.0%

--

-- --

--

TGBHOTELS

83.05

-4.1%

30.3%

47.0%

2.5B

--

--

--

6.4%

-- --

--

ADVANIHOTR

53.50

7.2%

4.7%

-23.6%

2.1B

--

--

0.8%

7.3%

-- --

--

CCHHL

10.70

0.9%

-3.1%

-51.9%

1.7B

--

--

0.9%

4.1%

-- --

--

NR

GRAVISSHO

22.15

-5.3%

-6.1%

13.9%

1.6B

--

--

--

-7.4%

-- --

--

NR

AHLEAST

140.10

-2.9%

-17.1%

-22.3%

1.6B

--

--

1.4%

--

-- --

--

BENARAS

1,155.75

-3.0%

-11.1%

-16.6%

1.5B

16.2

--

1.7%

10.2%

-- --

--

NR

AHLWEST

116.30

1.1%

0.2%

3.4%

1.4B

--

--

0.9%

--

-- --

--

48.05

-11.4%

-18.5%

-39.1%

1.2B

--

--

--

--

-- --

--

179.95

-1.6%

-1.3%

-3.8%

2.0B

16.2

--

1.7%

4.1%

-- --

--

2
4.9

KAMATHOTEL
Average

PEER COMPANIES
ORIENTHOT
ASIANHOTNR
MCCHRLS.B
TGBHOTELS
ADVANIHOTR

Oriental Hotels
Asian Hotels North
Mac Charles (India)
TGB Banquets and Hotels
Advani Hotels and Resorts

Page 2 of 9
2015 Thomson Reuters. All rights reserved.

GRAVISSHO
AHLEAST
BENARAS
AHLWEST
KAMATHOTEL

Graviss Hospitality
Asian Hotels East
Benares Hotels
Asian Hotels (West)
Kamat Hotels (India)

COUNTRY CLUB HOSPITALITY (CCHHL-IN)

Cyclical Consumer Services / Hotels & Entertainment Svcs. / Hotels & Cruise Lines

STOCKREPORTS+

DETAILED STOCK REPORT

Report Date: November 18, 2015

EARNINGS
This company does not currently meet the data requirements to calculate a score for this component.

Page 3 of 9
2015 Thomson Reuters. All rights reserved.

STOCKREPORTS+

COUNTRY CLUB HOSPITALITY (CCHHL-IN)

DETAILED STOCK REPORT

Cyclical Consumer Services / Hotels & Entertainment Svcs. / Hotels & Cruise Lines

Report Date: November 18, 2015

FUNDAMENTAL
Fundamental Score Averages

NEUTRAL OUTLOOK: Fundamentals relatively

in-line with the market.

Hotels & Entertainment Svcs. Group: 5.9

Cyclical Consumer Services Sector: 5.5

Fundamental Score Trend

Q4
2014

Q1
2015

Q2
2015

Q3
2015

ADVANIHOTR

CCHHL

Peers

Positive

Micro Market Cap: 4.7

S&P BSE SENSEX Index: 7.9
Current

Neutral

TGBHOTELS

NR

Negative

GRAVISSHO

NR

NR

NR

NR

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2013
2014
2015

AHLEAST

3Y Trend

NR

FUNDAMENTAL INDICATORS
Profitability

Debt

Earnings Quality

Dividend

(25% weight)

(25% weight)

(25% weight)

(25% weight)

Revenue Growth
For year over year
ending 06/15
Gross Margin
For trailing 4 qtrs
ending 06/15
Return On Equity
For trailing 4 qtrs
ending 09/14
Net Margin
For trailing 4 qtrs
ending 06/15

ADVANI

CCHHL

ADVANI
CCHHL

TGBHO
CCHHL

TGBHO
ADVANI

GRAVIS

ADVANI
CCHHL

GRAVIS

GRAVIS

TGBHO

GRAVIS

AHLEA

AHLEA

AHLEA

AHLEA
TGBHO

1.1% Current Ratio

For year over year
ending 03/15
17.0% Debt-to-Capital
For trailing 4 qtrs
ending 03/15
0.7% Interest Funding
For trailing 4 qtrs
ending 03/15
4.1% Interest Coverage
For trailing 4 qtrs
ending 06/15

1.3 Days Sales In Inv.

For period ending
03/14
28.3% Days Sales In Rec.
For period ending
03/14
-230.7%

1.6

3.9 Div. Growth Rate

For year over year
ending 06/15
107.7 Dividend Funding
For trailing 4 qtrs
ending 03/15
Dividend Coverage
For trailing 4 qtrs
ending -Current Div. Yield
For trailing 4 qtrs
ending 11/15

-100.0%

0.0%

--

0.9%

HIGHLIGHTS
- The Fundamental Rating for Country Club Hospitality improved
significantly over the last quarter from 4 to 7. The average
Fundamental Rating for its Hotels & Entertainment Svcs. Industry
Group is 5.9 and the S&P BSE SENSEX index average is 7.9.
- The company's gross margin has been higher than its Industry Group
average for each of the past five years.
- The company's interest coverage has been higher than its Industry
Group average for each of the past five years.

Page 4 of 9
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- The company's days sales in receivables has been higher than its
Industry Group average for each of the past five years.
- Of the 71 firms within the Hotels & Entertainment Svcs. Industry
Group, Country Club Hospitality is among 27 companies that pay a
dividend. The stock's dividend yield is currently 0.9%.

COUNTRY CLUB HOSPITALITY (CCHHL-IN)

Cyclical Consumer Services / Hotels & Entertainment Svcs. / Hotels & Cruise Lines

STOCKREPORTS+

DETAILED STOCK REPORT

Report Date: November 18, 2015

RELATIVE VALUATION
This company does not currently meet the data requirements to calculate a score for this component.

Page 5 of 9
2015 Thomson Reuters. All rights reserved.

STOCKREPORTS+

COUNTRY CLUB HOSPITALITY (CCHHL-IN)

DETAILED STOCK REPORT

Cyclical Consumer Services / Hotels & Entertainment Svcs. / Hotels & Cruise Lines

Report Date: November 18, 2015

RISK
Risk Score Averages

NEGATIVE OUTLOOK: Variable return patterns

(high volatility).

Hotels & Entertainment Svcs. Group: 6.4

Cyclical Consumer Services Sector: 5.8

Risk Score Trend (4-Week Moving Avg)

Peers

-6M

-3M

-1M

-1W

NR

ADVANIHOTR

CCHHL

TGBHOTELS

AHLEAST

Positive

GRAVISSHO
Neutral
Negative
NOV-2012

NOV-2013

NOV-2014

NOV-2015

Micro Market Cap: 4.6

S&P BSE SENSEX Index: 9.4
Current

1Y Trend

RISK INDICATORS
Magnitude Of Returns

Volatility

Beta (1-year)

Correlation

(25% weight)

(25% weight)

(25% weight)

(25% weight)

GRAVIS

GRAVIS

AHLEA
TGBHO

AHLEA
ADVANI
CCHHL

ADVANI
AHLEA
GRAVIS
CCHHL

AHLEA

CCHHL
ADVANI

TGBHO

TGBHO

ADVANI
CCHHL
TGBHO

GRAVIS

Daily Returns (Last 90 Days)

Best
12.2%
Worst
-9.3%
Monthly Returns (Last 60 Months)
Best
51.0%
Worst
-29.7%

Standard Deviation
Last 90 Days
3.62
Last 60 Months
17.38
Intra-Day Swing (Last 90 Days)
Average
5.7%
Largest
19.9%

HIGHLIGHTS
- Country Club Hospitality currently has a Risk Rating of 3, which
is significantly below the S&P BSE SENSEX index average
rating of 9.4.
- On days when the market is up, CCHHL tends to lag the S&P
BSE SENSEX index. On days when the market is down, the
stock generally performs in-line with the index.
- In the short term, CCHHL has shown average correlation (>=
0.2 and < 0.4) with the S&P BSE SENSEX index. The stock
has, however, shown high correlation (>= 0.4) with the market
in the long term.
- Over the last 90 days, CCHHL shares have been more volatile
than the overall market, as the stock's daily price fluctuations
have exceeded that of 97% of S&P BSE SENSEX index firms.

Page 6 of 9
2015 Thomson Reuters. All rights reserved.

Beta vs. S&P BSE

SENSEX
Positive Days Only
Negative Days Only
Beta vs. Group
Positive Days Only
Negative Days Only

1.11
0.64
0.90
1.28
1.07
1.09

Correlation vs. S&P BSE

SENSEX
Last 90 Days
Last 60 Months
Correlation vs. Group
Last 90 Days
Last 60 Months

21%
43%
31%
83%

RISK ANALYSIS

Peers

Best
Daily
Return

CCHHL

12.2%

Last 90 Days
Worst
#
# Largest
Daily Days Days Intra-Day
Return
Up Down
Swing

Last 60 Months
Best
Worst
Monthly Monthly
Return
Return

-9.3%

27

33

19.9%

51.0%

-29.7%

ADVANIHOTR

9.7% -10.9%

26

30

14.7%

60.5%

-21.5%

AHLEAST

9.9% -17.2%

29

28

24.3%

18.7%

-20.4%

GRAVISSHO

5.0%

-5.1%

19

21

10.3%

43.1%

-30.1%

19.8% -13.0%

25

36

25.5%

54.3%

-51.9%

27

33

4.3%

11.3%

-10.6%

TGBHOTELS
S&P BSE
SENSEX

2.2%

-5.9%

STOCKREPORTS+

COUNTRY CLUB HOSPITALITY (CCHHL-IN)

DETAILED STOCK REPORT

Cyclical Consumer Services / Hotels & Entertainment Svcs. / Hotels & Cruise Lines

Report Date: November 18, 2015

PRICE MOMENTUM

Currency in INR
Price Momentum Score Averages

NEUTRAL OUTLOOK: Performance relatively

in-line with the market.

Hotels & Entertainment Svcs. Group: 3.8

Cyclical Consumer Services Sector: 4.6

Price Momentum Score Trend (4-Week Moving Avg)

Positive
Neutral
Negative
NOV-2012

NOV-2013

NOV-2014

NOV-2015

Peers

Micro Market Cap: 5.6

S&P BSE SENSEX Index: 3.4

-6M

-3M

-1M

-1W

TGBHOTELS

Current
6

CCHHL

ADVANIHOTR

AHLEAST

GRAVISSHO

NR

1Y Trend

PRICE MOMENTUM INDICATORS

Relative Strength

Seasonality

(70% weight)

(30% weight)

TGBHOTEL
CCHHL

TGBHOTEL

ADVANIHO
AHLEAST

CCHHL
ADVANIHO
AHLEAST

GRAVISSH

GRAVISSH

Relative Strength Indicator (scale 1-100, 100 is best)

CCHHL
Industry Avg
Last 1 Month
53
50
Last 3 Months
49
50
Last 6 Months
49
50

Average Monthly Return (Last 10 Years)

NOV
DEC
JAN
Company Avg
4.2%
1.1%
0.0%
Industry Avg
0.7%
5.4%
-3.4%
Industry Rank
51 of 85
41 of 86
81 of 86

PRICE PERFORMANCE
Daily close prices are used to calculate the
performance of the stock as compared to a
relevant index over five time periods.

CCHHL
S&P BSE SENSEX
8.9%

1-Week

0.5%

S&P BSE
SENSEX

Close Price (11/18/15)

10.70

25864

52-Week High

23.50

29682

52-Week Low

8.22

24894

0.9%

1-Month

-5%
-3.1%
-7.2%

3-Month
-34.2%

YTD

1-Year

CCHHL

-6%
-51.9%

Page 7 of 9
2015 Thomson Reuters. All rights reserved.

-8.2%

- On 11/17/15, CCHHL closed at 11.03, 53.1% below its 52week high and 34.2% above its 52-week low.
- CCHHL shares are currently trading 13.9% above their 50-day
moving average of 9.68, and 0.5% below their 200-day moving
average of 11.08.
- The S&P BSE SENSEX index is currently 12.9% below its 52week high and 3.9% above its 52-week low.

STOCKREPORTS+

COUNTRY CLUB HOSPITALITY (CCHHL-IN)

Cyclical Consumer Services / Hotels & Entertainment Svcs. / Hotels & Cruise Lines

DETAILED STOCK REPORT

Report Date: November 18, 2015

DETAILED STOCK REPORT TIPS

The Thomson Reuters Stock Report is a comprehensive, company-specific analysis
that includes a proprietary Stock Rating along with underlying component indicators
and supportive data elements. The report is updated daily, although some of the
data elements and the ratings are updated weekly.
Average Score
The Average Score combines a quantitative analysis of five widely-used investment
decision making tools - Earnings, Fundamental, Relative Valuation, Risk, and Price
Momentum. First, a simple average of the five underlying component ratings is
calculated. Then, a normal distribution is used to rank each stock across the market
on a scale of 1 to 10, with 10 being most favorable. A score of 8 to 10 is considered
positive, 4 to 7 is neutral, and 1 to 3 is negative. These five factors may be
evaluated differently using alternative methodologies, and the importance of
individual factors varies across industry groups, market capitalization and
investment styles. Additional criteria should always be used to evaluate a stock.
A company must have sufficient data available for at least three of the five
component indicators in order to receive an overall Average Score. Approximately
85% of the stocks within the coverage universe meet the criteria to generate a
score.
Indicator Components
The five indicators that comprise the stock rating are displayed. Like the stock
rating, the component rating scale is 1 to 10, with 10 being best. A company will
receive an NR for No Rating if the required data elements or criteria are not met. A
detailed section for each component is included in the report.
Indicator Trends
Within each component section, historical score trends are displayed, typically using
a 4-week moving average over a timeframe of the past three years. The dotted
orange line indicates the average of the scores over those three years. The most
recent occurrences of the best and worst scores are also displayed on the chart in
grey boxes to put the current score into historical context.
Next to the trend chart for the company, current score averages are included, along
with peer company comparisons of values from 6 months ago, 3 months ago, 1
month ago, the most recent value from 1 week ago, and the current score. The four
closest industry peers are presented based on similar market capitalization.
Peer Analysis
The Thomson Reuters Business Classification (TRBC) system is used for
industry comparisons. It is designed to track and display the primary business of
a corporation by grouping together correlated companies that offer products and
services into similar end markets. The system includes 10 Economic Sectors, 28
Business Sectors, 54 Industry Groups, and 136 Industries.
The Peer Analysis section of the report compares the company to its ten closest
peers. The peers are selected from the industry based on similar market
capitalization. The peer listing may have fewer than ten companies if there are
fewer than ten companies within that industry classification.
Highlights
The Thomson Reuters proprietary automated text-generation system creates
highlights summarizing the most noteworthy data. The bullets will vary by company
and will change from week to week as different criteria are met.
Earnings
The Earnings Rating is based on a combination of three factors: earnings surprise,
estimate revision, and recommendation changes. Each factor is equally weighted.
Then, equal deciles are used to rank each stock across the market on a scale of 1
to 10, with 10 being most favorable. A stock needs to have at least two of the three
earnings factors in order to receive a score.
Earnings Surprises - The number of positive and negative surprises within the

last 4 periods (quarters or years).

Estimate Revisions - The number of up and down revisions and the average

percentage change of those revisions within a 4 week period.

Mean Estimate Trend

The mean estimates show how the consensus has changed over the past 30 days
and 90 days for the upcoming two quarters (when available) and two years. The
percentage change is calculated for the company as a means for comparison by
measuring the difference between the current consensus estimate and that of 90
days ago.
Analyst Recommendations
The I/B/E/S Mean is the mean recommendation of all analysts covering the stock,
as provided by Thomson Reuters I/B/E/S (Institutional Brokers Estimate System).
The recommendations are presented on a five-point standardized scale: strong buy,
buy, hold, reduce, and sell.
Earnings Surprises
The surprise summary includes the total number of time periods (and
percentage) in the last 12 quarters (quarterly) or last 4 years (annual) in which
earnings surprises were positive, negative, or in-line. In order to be recognized
as a positive or negative surprise, the percent must be greater than 2% above or
2% below the consensus, respectively.
The surprise detail section includes a listing of the company's quarterly earnings
reported for the most recent 6 periods (quarters or years). The consensus
analyst estimate is provided to determine if the actual earnings report
represented a positive surprise, negative surprise, or in-line result.
Fundamental
The Fundamental Rating is based on a combination of four fundamental component
factors: profitability, debt, earnings quality, and dividend. Companies that do not
pay a dividend are not penalized. Each factor is equally weighted. Then, equal
deciles are used to rank each stock across the market on a scale of 1 to 10, with 10
being most favorable. A stock needs to have at least three of the four fundamental
factors present in order to receive a score.
Profitability is comprised of four data elements.
- Revenue Growth: (Net Sales Previous Net Sales) / Previous Net Sales
- Gross Margin: Gross Profit / Net Sales
- Return on Equity: Net Income / Total Equity
- Net Margin: Net Profit / Net Sales
Debt is comprised of four data elements.
- Current Ratio: Current Assets / Current Liabilities
- Debt-to-Capital: Total Debt / Total Capital
- Interest Funding: Interest Expense / Operating Cash Flow
- Interest Coverage: (Pre-Tax Income + Interest Expense) / Interest Expense
Earnings Quality is comprised of two data elements.
- Days Sales in Inventory: 365 / (Cost of Goods Sold / Inventory)
- Days Sales in Receivables: 365 / (Net Sales (Revenues) / Receivables)
Dividend is comprised of four data elements. The company must have a current

dividend yield.
- Dividend Growth Rate: (Dividends per Share Previous Dividends per Share)
/ Previous Dividends per Share
- Dividend Funding: Dividends / Operating Cash Flow
- Dividend Coverage: (Pre-Tax Income + Interest Expense) / (Interest Expense
+ Dividends)
- Dividend Yield: Annual Dividends per Share / Current Market Price per Share
Indicator Trend
The fundamental indicator trend displays either quarterly scores over the past three
years or annual scores over the past six years, depending on the reporting periods
for the country. The best and worst scores can be easily determined from the
values shown on the chart for each quarter or year.
Relative Valuation
The Relative Valuation Rating is based on a combination of three component
factors: Price to Sales (50% weight), Trailing P/E (25% weight), and Forward P/E
(25% weight). After the weightings are considered to combine individual factors,
equal deciles are used to rank each stock across the market on a scale of 1 to 10,
with 10 being most favorable. These common valuation metrics are evaluated
against the overall market, the index, and the company's own historic 5-year
averages. A stock needs to have at least one of the three relative valuation factors
in order to receive a score.

Recommendation Changes - The number of broker upgrades and downgrades in

the last 120 days.

Price to Sales: Close Price / (Sales for 4 Quarters or 1 Year / Shares

Outstanding)
Price Target
The price target is based on the predictions of analysts covering the stock and
shows the high, low and mean price expected within the next 12 months.
Earnings Per Share
The quarterly and annual earnings per share are presented when available, along
with the mean, high and low. Quarterly data is displayed for the past 4 quarters
(actual) and the next 2 quarters (estimated). Annual data is displayed for the past 2
years (actual) and the next 2 years (estimated).

Page 8 of 9
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Trailing P/E: Close Price / Most Recent 4 Quarters or 1 Year of Earnings

Forward P/E: Close Price / Upcoming 4 Quarters or 1 Year of Earnings

Valuation Averages
Negative values are excluded when calculating the averages. A maximum value of
100 is placed on Trailing P/E and Forward P/E, a maximum value of 5 is placed on
Forward PEG, and a maximum value of 20 is placed on Price to Sales when
calculating the averages. Higher values are rounded down to the maximum for the
averages.

COUNTRY CLUB HOSPITALITY (CCHHL-IN)

Cyclical Consumer Services / Hotels & Entertainment Svcs. / Hotels & Cruise Lines

STOCKREPORTS+

DETAILED STOCK REPORT

Report Date: November 18, 2015

Valuation Multiples
The valuation multiples provide the Trailing P/E, Forward P/E, Forward PEG, and
Price to Sales for the company and the S&P 500 index average. In addition, a
comparison of the current companys values to its 5-year average and an industry
average are presented. A discount occurs when the companys ratio is valued more
favorably (lower) than that to which it is compared.
Risk
The Risk Rating displays stocks on a scale of 1 to 10 with 10 being awarded to the
least risky stocks. It is derived by looking at a series of long-term (5-year) and
short-term (90-day) stock performance measures including volatility, magnitude of
returns, beta, and correlation. Each factor is equally weighted. Then, equal deciles
are used to rank each stock across the market. A stock needs to have at least two
of the four risk factors in order to receive a score.
Magnitude of Returns The best / worst daily returns in the past 90 days and the

best / worst monthly returns in the past 60 months.

Volatility The standard deviation of the stock price over the last 90 days and

last 60 months, along with the average and largest intra-day stock swing.
Beta Measures the tendency of a securitys returns to respond to swings in the

market, based on the beta of the company versus the relevant index.
Correlation Determines how closely the returns of the stock and the relevant

index move together, measured over the last 90 days and last 60 months.
Risk Analysis
Price analysis for the company and the relevant index is provided over two time
periods. Daily analysis is provided for the last 90 days, whereas monthly statistics
are used for the last 60 months.
Price Momentum
The Price Momentum Rating is based on a combination of two technical
performance factors: relative strength (70% weight) and seasonality (30% weight).
After the weightings are considered to combine individual factors, equal deciles are
used to rank each stock across the market on a scale of 1 to 10, with 10 being most
favorable. A stock needs to have data for the relative strength factor in order to
receive a score.
Relative Strength The relative strength of the company for the last 1 month, 3

months, and 6 months on a scale of 1 to 100.

Seasonality The average monthly return (price performance) for the current

month and next 2 months for the company and industry, over the past 10 years.
A lower industry rank indicates a higher return.
Price Performance
Daily close prices are used to calculate the price performance of the stock. The
performance of the relevant index is also displayed as a means of comparison.

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or constitute investment advice. Past performance is not a guarantee of future
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