Suntec Real Estate Investment Trust (FRA:P3G) Momentum Rank : 2 (As of May. 06, 2024)

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

What is Suntec Real Estate Investment Trust Momentum Rank?

Suntec Real Estate Investment Trust has the Momentum Rank of 2.

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 Suntec Real Estate Investment Trust's Momentum Rank

For the REIT - Diversified subindustry, Suntec Real Estate Investment Trust'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.

Suntec Real Estate Investment Trust's Momentum Rank Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Suntec Real Estate Investment Trust's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Suntec Real Estate Investment Trust's Momentum Rank falls into.

Suntec Real Estate Investment Trust Momentum Rank Related Terms

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

Suntec Real Estate Investment Trust (FRA:P3G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Suntec Real Estate Investment Trust (FRA:P3G) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SURVF:USA T82U:Singapore

Address

5 Temasek Boulevard, No 12-01 Suntec Tower Five, Singapore, SGP, 038985

Website

https://www.suntecreit.com

Suntec REIT owns a SGD 12.2 billion portfolio (as of Sep. 30, 2023) of income-producing office and retail properties in Singapore, Australia, and the U.K. The majority of its assets, based on asset values, are offices (78%) and located in Singapore (69%). Its flagship asset is Suntec City, one of Singapore's largest integrated developments, consisting of offices, retail and a convention center. The trust is externally managed by ARA Trust Management (Suntec), a wholly owned subsidiary of ESR Group that has a 9% stake in Suntec REIT.

Suntec Real Estate Investment Trust (FRA:P3G) Headlines

No Headlines