Pioneer Property Group ASA (OSL:PPG.PFD) Momentum Rank : 0 (As of Jun. 21, 2024)

View and export this data going back to 2015. Start your Free Trial

What is Pioneer Property Group ASA Momentum Rank?

Pioneer Property Group ASA has the Momentum Rank of 0.

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.

Pioneer Property Group ASA Momentum Rank Related Terms

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

Pioneer Property Group ASA (OSL:PPG.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Pioneer Property Group ASA (OSL:PPG.PFD) » Definitions » Momentum Rank

Comparable Companies

OSL:STORM OSL:ROM OSL:SBO OSL:ENTRA

Traded in Other Exchanges

N/A

Address

Radhusgata 23, Oslo, NOR, 0158

Website

https://www.pioneerproperty.no

Pioneer Property Group ASA is a real estate company. The current real estate portfolio consists of properties within the following segments; Preschools, Hotel Properties, Retail Properties, Office Properties, and Property Development. Its investment property portfolio consists of three properties in the Preschools segment, six properties in the Retail properties segment, six properties in the Hotel properties segment, and one Office property in addition to four properties in the Property development segment.

Pioneer Property Group ASA (OSL:PPG.PFD) Headlines

No Headlines