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Fastighets AB Balder (Fastighets AB Balder) Momentum Rank : 0 (As of May. 29, 2024)


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What is Fastighets AB Balder Momentum Rank?

Fastighets AB Balder 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.

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Fastighets AB Balder (Fastighets AB Balder) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fastighets AB Balder (OTCPK:BALDF) » Definitions » Momentum Rank
Comparable Companies
OSTO:CATE OSTO:HUFV A OSTO:FPAR A OSTO:DIOS OSTO:STEF B OSTO:ALM OSTO:TRIAN B OSTO:ACRI A XSAT:AMH2 B XSAT:SLOTT B ASX:GMG TSE:8801 TSE:8802 PHS:SMPH HKSE:00012 BKK:CPN TSE:1878 XSWX:SPSN SHSE:600415 VESTA
Traded in Other Exchanges
BALD B:Sweden 0H2Z:UK 28F0:Germany
Address
Parkgatan 49, P.O. Box 53121, Gothenburg, SWE, 400 15
Website
https://www.balder.se
Fastighets AB Balder is engaged in acquiring, developing, and managing residential properties and commercial properties based on local presence and creating customer value by meeting the needs of different customer groups for commercial premises and housing in Sweden, Denmark, Finland, Norway, Germany, and the UK. The company's property portfolio contains a wide variety of commercial space, ranging from office, retail, and warehouse space, out of which Residential properties constitute the majority portion of the company's portfolio. The Group's business segments are; Helsinki, Stockholm, Gothenburg, Copenhagen, South, East, and North. The company generates revenue through income earned on the rents of its properties and on the management of its real estate.

Fastighets AB Balder (Fastighets AB Balder) Headlines

From GuruFocus

Q4 2023 Fastighets AB Balder Earnings Call Transcript

By GuruFocus Research • 02-12-2024