Immobiliare Grande Distribuzione SiiQ SpA (MIL:IGD) Momentum Rank : 1 (As of May. 19, 2024)

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What is Immobiliare Grande Distribuzione SiiQ SpA Momentum Rank?

Immobiliare Grande Distribuzione SiiQ SpA has the Momentum Rank of 1.

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 Immobiliare Grande Distribuzione SiiQ SpA's Momentum Rank

For the REIT - Diversified subindustry, Immobiliare Grande Distribuzione SiiQ SpA'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.

Immobiliare Grande Distribuzione SiiQ SpA's Momentum Rank Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Immobiliare Grande Distribuzione SiiQ SpA's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Immobiliare Grande Distribuzione SiiQ SpA's Momentum Rank falls into.

Immobiliare Grande Distribuzione SiiQ SpA Momentum Rank Related Terms

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Immobiliare Grande Distribuzione SiiQ SpA (MIL:IGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Immobiliare Grande Distribuzione SiiQ SpA (MIL:IGD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

0STP:UK IF81:Germany

Address

via Trattati Comunitari, Europei 1957-2007, 13, Bologna, ITA, 40127

Website

https://www.gruppoigd.it

Immobiliare Grande Distribuzione SiiQ SpA is a real estate company that manages and develops shopping centers in Italy. It operates in three main business segments which include core business properties, services, and trading. It generates a majority of its revenue from the core business properties segment. The company provides various services related to the real estate sector, including the promotion of newly opened, expanded, or restructured centers, rotation of existing retailers, and facility management services, such as security, cleaning, and ordinary maintenance.

Immobiliare Grande Distribuzione SiiQ SpA (MIL:IGD) Headlines

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