GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » AB Sagax (CHIX:SAGABs) » Definitions » Momentum Rank

ABgax (CHIX:SAGABS) Momentum Rank : 0 (As of May. 26, 2024)


View and export this data going back to 2015. Start your Free Trial

What is ABgax Momentum Rank?

ABgax 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.

ABgax Momentum Rank Related Terms

Thank you for viewing the detailed overview of ABgax's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

ABgax (CHIX:SAGABS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » AB Sagax (CHIX:SAGABs) » Definitions » Momentum Rank
Comparable Companies
OSTO:FABG OSTO:WALL B OSTO:WIHL OSTO:PNDX B OSTO:NYF OSTO:AKEL D OSTO:NP3 OSTO:CORE A OSTO:PLAZ B OSTO:CIBUS CSGP CBRE XMAD:CLNX BEKE TSE:8830 HKSE:01972 SGX:9CI HKSE:01997 MIL:INW HKSE:01209
Traded in Other Exchanges
SAGA D:Sweden SAGA B:Sweden SAGA A:Sweden 0QDX:UK EFE:Germany
Address
Engelbrektsplan 1, Stockholm, SWE, SE-114 34
Website
https://www.sagax.se
AB Sagax is a property company that invests in commercial properties with a focus on the warehouse and light industry segment. The company owns properties in Sweden, Finland, Germany, and Denmark, with a total rental space of more than 3 million square metres. A significant proportion of the company's real estate portfolio is located in the Stockholm and Helsinki regions. The company's revenue consists primarily of rental income for the provision of premises, of which the majority is derived from the government, municipalities, or companies with significant sales.

ABgax (CHIX:SAGABS) Headlines

No Headlines