CorEnergy Infrastructure Trust (FRA:YJEB) Momentum Rank : 2 (As of May. 12, 2024)

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What is CorEnergy Infrastructure Trust Momentum Rank?

CorEnergy Infrastructure 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 CorEnergy Infrastructure Trust's Momentum Rank

For the REIT - Specialty subindustry, CorEnergy Infrastructure 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.

CorEnergy Infrastructure Trust's Momentum Rank Distribution in the REITs Industry

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

* The bar in red indicates where CorEnergy Infrastructure Trust's Momentum Rank falls into.

CorEnergy Infrastructure Trust Momentum Rank Related Terms

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CorEnergy Infrastructure Trust (FRA:YJEB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CorEnergy Infrastructure Trust Inc (FRA:YJEB) » Definitions » Momentum Rank

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Traded in Other Exchanges

CORRL.PFD:USA CORR:USA

Address

1100 Walnut, Suite 3350, Kansas, MO, USA, 64106

Website

https://www.corenergy.reit

CorEnergy Infrastructure Trust Inc is primarily focused on acquiring and financing midstream and downstream real estate assets within the U.S. energy infrastructure sector. The company also provides other types of capital, including loans secured by energy infrastructure assets. It owns assets, such as pipelines, storage terminals, and transmission and distribution assets. Its assets include Crimson Midstream Holding, MoGas Pipeline System, and Omega Pipeline. The majority of the revenue is generated from the lease received.

CorEnergy Infrastructure Trust (FRA:YJEB) Headlines

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