Principal Real Estateome Fund (Principal Real Estateome Fund) Momentum Rank : 4 (As of Apr. 30, 2024)

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What is Principal Real Estateome Fund Momentum Rank?

Principal Real Estateome Fund has the Momentum Rank of 4.

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 Principal Real Estateome Fund's Momentum Rank

For the Asset Management subindustry, Principal Real Estateome 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.

Principal Real Estateome Fund's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Principal Real Estateome Fund's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Principal Real Estateome Fund's Momentum Rank falls into.

Principal Real Estateome Fund Momentum Rank Related Terms

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Principal Real Estateome Fund (Principal Real Estateome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Principal Real Estate Income Fund (NYSE:PGZ) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1290 Broadway, Suite 1000, Denver, CO, USA, 80203

Website

https://www.principalcef.com

Principal Real Estate Income Fund is a non-diversified, closed-end management investment company. Its investment objective is to provide high current income with capital appreciation by investing in commercial real estate-related securities.

Executives

Laton Spahr	other: President of the Adviser	1290 BROADWAY, SUITE 1100, DENVER CO 80203
Adams Nicholas	other: Secretary	1055 BROADWAY, 3RD FL, KANSAS CITY MT 64105
Erich Rettinger	officer: Treasurer	1290 BROADWAY SUITE 1100, DENVER CO 80203
Brendan Hamill	officer: Secretary	1290 BROADWAY, SUITE 1000, DENVER CO 80203
Robert Douglas Mcclure	officer: Treasurer	1290 BROADWAY, SUITE 1000, DENVER CO 80203
Matthew Sutula	other: Interim CCO	1290 BROADWAY, SUITE 1100, DENVER CO 80203
Jill Kerschen	officer: Treasurer	1700 BROADWAY, SUITE 1850, DENVER CO 80290
Jennifer Craig	officer: Assistant Secretary	1290 BROADWAY SUITE 1100, DENVER CO 80203
Michael Sleightholme	other: Officer of Investment Advisor	1290 BROADWAY, SUITE 1100, DENVER CO 80203
Ernest J Scalberg	other: Trustee	C/O PRINCIPAL REAL ESTATE INCOME FUND, 1290 BROADWAY SUITE 1100, DENVER CO 80203
Kathryn Burns	officer: Treasurer	1290 BROADWAY, SUITE 1100, DENVER CO 80203
Ss&c Technologies Holdings Inc	other: Affiliate of Inv Adviser	80 LAMBERTON RD, WINDSOR CT 06095
Richard Craig Noyes	other: Officer of Investment Advisor	1290 BROADWAY, SUITE 1100, DENVER CO 80203
Sharon R Akselrod	other: Assistant Secretary	1290 BROADWAY, SUITE 1100, DENVER CO 80203
Marc Peterson	other: Subadvisor Portfolio Manager	6253 PLEASANT ST, WEST DES MOINES IA 50266