Creative Mediammunity Trust (XTAE:CMCT) Momentum Rank : 0 (As of Oct. 31, 2024)

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What is Creative Mediammunity Trust Momentum Rank?

Creative Mediammunity Trust 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.

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Creative Mediammunity Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Creative Media & Community Trust (XTAE:CMCT) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CMCT:USA

Address

5956 Sherry Lane, Suite 700, Dallas, TX, USA, 75225

Website

https://www.creativemediacommunity.com

Creative Media & Community Trust is formed to invest in, own, and operate Class A and creative office investments in improving urban communities throughout the United States. It operates through segments such as office, hotel and multifamily properties and lending. The Office segment includes rental of office space and other tenant services, including tenant reimbursements, parking, and storage space rental. The Hotel segment relates to operations of hotel properties whereas, the lending segment refers to income from the yield and other related fee income earned on its loans receivable. The lending segment includes income recognized from the sale of government guaranteed portion of loans receivable, income from the yield on its loans receivable and other related fee income earned.