Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) Momentum Rank : 7 (As of Jun. 23, 2024)

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What is Hedge Brasil Shopping Fundo DE Investimento Imobiliario Momentum Rank?

Hedge Brasil Shopping Fundo DE Investimento Imobiliario 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 Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Momentum Rank

For the REIT - Retail subindustry, Hedge Brasil Shopping Fundo DE Investimento Imobiliario'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.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Momentum Rank Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Momentum Rank falls into.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario Momentum Rank Related Terms

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Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

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Address

Avenue Presidente Juscelino Kubitschek, 1830, Tower IV - 7th floor, Itaim Bibi, Sao Paulo, SP, BRA, 4543900

Website

https://www.cshg.com.br

Hedge Brasil Shopping Fundo DE Investimento Imobiliario is a Brazilian real estate investment fund with objective to obtain capital appreciation by acquisition of interests in shopping centers. The objective of the Fund is the acquisition for commercial exploitation of commercial real estate projects, which are duly built or are subject to renovations, improvements or expansions, through the acquisition of portions and/or the entirety of real estate projects, directly or indirectly, through the assets provided for in the Regulation, for subsequent sale, rental or leasing, including assets and rights related to them.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) Headlines

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