Hufvudstaden AB (Hufvudstaden AB) Momentum Rank : 7 (As of May. 02, 2024)

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What is Hufvudstaden AB Momentum Rank?

Hufvudstaden AB has the Momentum Rank of 7.

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.

Competitive Comparison of Hufvudstaden AB's Momentum Rank

For the Real Estate - Diversified subindustry, Hufvudstaden AB's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hufvudstaden AB's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hufvudstaden AB's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hufvudstaden AB's Momentum Rank falls into.

Hufvudstaden AB Momentum Rank Related Terms

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Hufvudstaden AB (Hufvudstaden AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hufvudstaden AB (OTCPK:HUFAF) » Definitions » Momentum Rank

Traded in Other Exchanges

HUFV A:Sweden HUFVAs:UK 0GW3:UK HFVA:Germany

Address

Regeringsgatan 38, Stockholm, SWE, SE-111 77

Website

https://www.hufvudstaden.se

Hufvudstaden AB A manages and develops commercial properties in Sweden. The company focuses on retail and office properties in the Stockholm and Gothenburg area. Its two main segments include property management and parking operations. It rents out centrally located residential and commercial properties such as shops, offices, hotels, cinemas, restaurants, warehouses, garages, and apartments. It also owns Nordiska Kompaniet, a department store in Stockholm and Sweden. The company operates through three divisions: Stockholm business area, Gothenburg business area, and Noridska Kompaniet business area. The Stockholm business area contributes the largest proportion of revenue.

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