Meta Estate Trust (BSE:MET) Momentum Rank : 0 (As of Dec. 14, 2024)

View and export this data going back to 2022. Start your Free Trial

What is Meta Estate Trust Momentum Rank?

Meta Estate 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.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Meta Estate Trust Momentum Rank Related Terms

Thank you for viewing the detailed overview of Meta Estate Trust's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Meta Estate Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Meta Estate Trust SA (BSE:MET) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

75-77 Buzesti Stree, Office No. 13, 9th Floor, Bucharest, ROU

Website

https://www.metaestate.ro

Meta Estate Trust SA offers ground-breaking real estate projects launched and cofounded by Romanian investors and entrepreneurs. The company's mission is to create and develop a ground-breaking financial instrument providing investors with an opportunity to get sustainable returns on the real estate market regardless of the available capital.