AvalonBay Communities (LTS:0HJO) Momentum Rank : 9 (As of Dec. 14, 2024)

View and export this data going back to 2018. Start your Free Trial

What is AvalonBay Communities Momentum Rank?

AvalonBay Communities has the Momentum Rank of 9.

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 AvalonBay Communities's Momentum Rank

For the REIT - Residential subindustry, AvalonBay Communities'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.

AvalonBay Communities's Momentum Rank Distribution in the REITs Industry

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

* The bar in red indicates where AvalonBay Communities's Momentum Rank falls into.

AvalonBay Communities Momentum Rank Related Terms

Thank you for viewing the detailed overview of AvalonBay Communities's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

AvalonBay Communities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » AvalonBay Communities Inc (LTS:0HJO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AVB:USA WV8:Germany A1VB34:Brazil AVBC:Austria

Address

4040 Wilson Boulevard, Suite 1000, Arlington, VA, USA, 22203

Website

https://www.avalonbay.com

AvalonBay Communities owns a portfolio of 281 apartment communities with over 87,000 units and is developing 18 additional properties with over 6,200 units. The company focuses on owning large, high-quality properties in major metropolitan areas of New England, New York/New Jersey, Washington D.C., California, and the Pacific Northwest.

AvalonBay Communities Headlines

No Headlines