Legatus Shoppings Fundo DE Investimento Imobiliario - FII (BSP:LASC11) Momentum Rank : 0 (As of Dec. 14, 2024)

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What is Legatus Shoppings Fundo DE Investimento Imobiliario - FII Momentum Rank?

Legatus Shoppings Fundo DE Investimento Imobiliario - FII 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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Legatus Shoppings Fundo DE Investimento Imobiliario - FII Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Legatus Shoppings Fundo DE Investimento Imobiliario - FII (BSP:LASC11) » Definitions » Momentum Rank

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Traded in Other Exchanges

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Address

Praia de Botafogo, 501, Rio de Janeiro, RJ, BRA, CEP: 22250040

Website

https://www.btgpactual.com

Legatus Shoppings Fundo DE Investimento Imobiliario - FII is a Brazil-based company. Its objective is to obtain income through the real estate exploration of Real Estate Assets, as well as capital gains, through the purchase and sale of Real Estate Assets and the investment of resources, predominantly in Real Estate Assets.

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