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PMREF (Primaris REIT) Momentum Rank : 9 (As of Apr. 19, 2025)


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What is Primaris REIT Momentum Rank?

Primaris REIT has the Momentum Rank of 9.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Primaris REIT's Momentum Rank

For the REIT - Retail subindustry, Primaris REIT'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.

Primaris REIT's Momentum Rank Distribution in the REITs Industry

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

* The bar in red indicates where Primaris REIT's Momentum Rank falls into.


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Primaris REIT Momentum Rank Related Terms

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Primaris REIT Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Primaris REIT (OTCPK:PMREF) » Definitions » Momentum Rank
Comparable Companies
TSX:SGR.UN TSX:PLZ.UN TSX:FCD.UN TSX:CRT.UN TSX:FCR.UN TSX:SRU.UN TSX:REI.UN SPG O KIM REG HKSE:00823 XPAR:URW SGX:C38U ASX:SCG XPAR:LI FRT ADC BRX NNN
Traded in Other Exchanges
H0D:Germany PMZ.UN:Canada
Address
181 Bay Street, Suite 2720, Brookfield Place, Toronto, ON, CAN, M5J 2T3
Website
https://www.primarisreit.com
Primaris REIT is an unincorporated, open-ended real estate investment trust. Through its subsidiaries, it owns, develops, and operates a national retail portfolio focused on enclosed shopping centres located in secondary Canadian markets. Its property portfolio includes; Dufferin Mall, Cataraqui Centre, Stone Road Mall, Orchard Park, Kildonan Place, Halifax Shopping Centre, Marlborough Mall, and Devonshire Mall. The company generates a majority of its revenue from the Rent receivables.