EREUF (European Residential REIT) Momentum Rank : 0 (As of Sep. 27, 2024)

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What is European Residential REIT Momentum Rank?

European Residential REIT 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.

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European Residential REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » European Residential REIT (OTCPK:EREUF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ERE.UN:Canada

Address

11 Church Street, Suite 401, Toronto, ON, CAN, M5E 1W1

Website

https://www.eresreit.com

European Residential REIT is an unincorporated, open-ended real estate investment trust. The company is focused on multi-residential real estate investment trust, with a current initial focus on investing in multi-residential real estate properties in Europe. The REIT owns and operates a portfolio of multi-residential properties, including apartments and townhomes, as well as commercial properties in Europe.