Fundo De Investimento Imobiliario Hospital Unimed Campina Grande (BSP:HUCG11) Momentum Rank : 0 (As of May. 17, 2024)

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What is Fundo De Investimento Imobiliario Hospital Unimed Campina Grande Momentum Rank?

Fundo De Investimento Imobiliario Hospital Unimed Campina Grande 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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Fundo De Investimento Imobiliario Hospital Unimed Campina Grande (BSP:HUCG11) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Fundo De Investimento Imobiliario Hospital Unimed Campina Grande (BSP:HUCG11) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida Brigadeiro Faria Lima, 1800, 2º andar- Jardim Paulistano, Sao Paulo, BRA, SP- 01451-001

Website

https://www.coinvalores.com.br

Fundo De Investimento Imobiliario Hospital Unimed Campina Grande is a Real Estate Investment Fund that operates in the area of ??Income Development, in the Hospital segment. The purpose of the Fund is to provide Quotaholders with the appreciation and profitability of their Quotas in the long term, through the project and construction of the Project and leasing of the Target Property.

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