Millenium Hotels is selling at 2.74 as of the 1st of December 2024; that is 2.14% down since the beginning of the trading day. The stock's lowest day price was 2.72. Millenium Hotels has hardly any chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Millenium Hotels Real are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of September 2024 and ending today, the 1st of December 2024. Click here to learn more.
Although Millenium Hotels' alpha and beta are two of the key measurements used to evaluate Millenium Hotels' performance over the market, the standard measures of volatility play an important role as well.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Millenium Hotels stock to make a market-neutral strategy. Peer analysis of Millenium Hotels could also be used in its relative valuation, which is a method of valuing Millenium Hotels by comparing valuation metrics with similar companies.