Brookfield India Real Estate Trust (NSE:BIRET) Momentum Rank : 2 (As of Dec. 13, 2024)

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What is Brookfield India Real Estate Trust Momentum Rank?

Brookfield India Real Estate Trust 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 Brookfield India Real Estate Trust's Momentum Rank

For the REIT - Office subindustry, Brookfield India Real Estate 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.

Brookfield India Real Estate Trust's Momentum Rank Distribution in the REITs Industry

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

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

Brookfield India Real Estate Trust Momentum Rank Related Terms

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Brookfield India Real Estate Trust Business Description

Industry

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Traded in Other Exchanges

543261:India

Address

3rd Avenue, G-Block, Office No.2, 4th Floor, Plot C-68, Godrej BKC, Bandra Kurla Complex, Mumbai, MH, IND, 400051

Website

https://www.brookfieldindiareit.in

Brookfield India Real Estate Trust is an institutionally managed office real estate investment trust. It is engaged in the business of developing, maintaining, and leasing commercial real estate properties in India across various cities including Mumbai, Gurugram, Noida, and Kolkata, fostering collaborative and vibrant communities.

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