Ground Rentsome Fund (LSE:GRIO) Momentum Rank : 3 (As of Dec. 15, 2024)

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What is Ground Rentsome Fund Momentum Rank?

Ground Rentsome Fund has the Momentum Rank of 3.

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 Ground Rentsome Fund's Momentum Rank

For the REIT - Diversified subindustry, Ground Rentsome Fund'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.

Ground Rentsome Fund's Momentum Rank Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Ground Rentsome Fund's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ground Rentsome Fund's Momentum Rank falls into.

Ground Rentsome Fund Momentum Rank Related Terms

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Ground Rentsome Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ground Rents Income Fund PLC (LSE:GRIO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 London Wall Place, London, GBR, EC2Y 5AU

Website

http://www.groundrentsincomefund.com

Ground Rents Income Fund PLC is a closed-ended real estate investment trust. Its investment objective is to achieve a balance between periodically returning cash to shareholders and optimizing the net realization value of its investments. The company works towards its objective by investing in a diversified portfolio of ground rents including freeholds and head leases of residential, retail, and commercial properties located in the United Kingdom. The majority of its revenue is earned in the form of income received from ground rent.

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