Capitania Securities II Fundo de Investimento�Imobiliario (BSP:CPTS11B) Momentum Rank : 0 (As of May. 24, 2024)

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What is Capitania Securities II Fundo de Investimento�Imobiliario Momentum Rank?

Capitania Securities II Fundo de Investimento�Imobiliario 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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Capitania Securities II Fundo de Investimento�Imobiliario (BSP:CPTS11B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Capitania Securities II Fundo de Investimento�Imobiliario (BSP:CPTS11B) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida Presidente Wilson, 231, 11th floor Centro, Rio de Janeiro, RJ, BRA, 20030-905

Website

http://www.bnymellon.com.br

Capitania Securities II Fundo de Investimento Imobiliario is a real estate investment trust. The company invests in marketable securities. Its services include asset allocation, asset servicing, investment management, treasury services.

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