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IIPZF (InterRent Real Estate Investment Trust) Momentum Rank : 4 (As of Dec. 15, 2024)


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What is InterRent Real Estate Investment Trust Momentum Rank?

InterRent Real Estate Investment Trust has the Momentum Rank of 4.

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 InterRent Real Estate Investment Trust's Momentum Rank

For the REIT - Residential subindustry, InterRent 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.

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

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

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


InterRent Real Estate Investment Trust Momentum Rank Related Terms

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InterRent Real Estate Investment Trust Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » InterRent Real Estate Investment Trust (OTCPK:IIPZF) » Definitions » Momentum Rank
Comparable Companies
TSX:KMP.UN TSX:MRG.UN TSX:HOM.U TSX:MI.UN TSX:NRR.UN TSX:MHC.U TSX:ERE.UN TSX:DRR.U TSXV:FCA.UN TSXV:SRES AVB EQR INVH ESS MAA SUI UDR AMH ELS CPT
Traded in Other Exchanges
IIP.UN:Canada
Address
485 Bank Street, Suite 207, Ottawa, ON, CAN, K2P 1Z2
Website
https://www.interrentreit.com
InterRent Real Estate Investment Trust is an open-ended real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties. The company operations are carried out throughout the region of Canada. It derives revenue from investment properties which includes rents from tenants under leases, parking, laundry and other ancillary services.