REA Group (ASX:REA) Momentum Rank : 10 (As of Apr. 29, 2024)

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What is REA Group Momentum Rank?

REA Group has the Momentum Rank of 10.

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 REA Group's Momentum Rank

For the Internet Content & Information subindustry, REA Group'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.

REA Group's Momentum Rank Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, REA Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where REA Group's Momentum Rank falls into.

REA Group Momentum Rank Related Terms

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REA Group (ASX:REA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » REA Group Ltd (ASX:REA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

RPGRY:USA R9C:Germany

Address

511 Church Street, Richmond, Melbourne, VIC, AUS, 3121

Website

https://www.rea-group.com

REA Group is a technology company operating in the real estate sector. REA Group's primary business is a online listings platform for residential real estate, www.realestate.com.au, which is the largest residential real estate listings platform in Australia, at around three times the size of number two, www.domain.com.au, owned by Domain Group. REA Group is majority-owned by News Corp (ASX:NWS), while Domain is majority-owned by rival media company Nine Entertainment (ASX:NEC). REA Group's other businesses include adjacent markets and services, and investments in online listings platforms in Asia.

REA Group (ASX:REA) Headlines

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