Custodian Propertyome REIT (LSE:CREI) Momentum Rank : 2 (As of Jun. 03, 2024)

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What is Custodian Propertyome REIT Momentum Rank?

Custodian Propertyome REIT 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 Custodian Propertyome REIT's Momentum Rank

For the REIT - Diversified subindustry, Custodian Propertyome REIT'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.

Custodian Propertyome REIT's Momentum Rank Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Custodian Propertyome REIT's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Custodian Propertyome REIT's Momentum Rank falls into.

Custodian Propertyome REIT Momentum Rank Related Terms

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Custodian Propertyome REIT (LSE:CREI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Custodian Property Income REIT PLC (LSE:CREI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CREIl:UK

Address

1 New Walk Place, Leicester, GBR, LE1 6RU

Website

https://www.custodianreit.com

Custodian Property Income REIT PLC is a real estate investment trust with a portfolio of regional properties let to institutional grade tenants throughout the United Kingdom. The company's only operating segment is an investment in commercial properties. Its investment objective is to provide its shareholders with income by maintaining a high level of dividend, covered by earnings, with a level of gearing. The company properties consist of industrial, office, retail and other properties. It derives its revenue from the rental income it receives from the investment property.

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