Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII (BSP:RSPD11) Momentum Rank : 3 (As of May. 22, 2024)

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What is Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII Momentum Rank?

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII has the Momentum Rank of 3.

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 Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's Momentum Rank

For the REIT - Diversified subindustry, Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII'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.

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's Momentum Rank Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's Momentum Rank falls into.

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII Momentum Rank Related Terms

Thank you for viewing the detailed overview of Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII (BSP:RSPD11) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII (BSP:RSPD11) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua do Rócio, 350, 14th Floor, Vila Olímpia, Sao Paulo, SP, BRA, 04552-000

Website

https://www.rbasset.com

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII is a real estate investment trust. The company invests in real estate assets in form of closed condominium.

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