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Sigma Capital Group (Sigma Capital Group) Momentum Rank : 0 (As of May. 17, 2024)


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What is Sigma Capital Group Momentum Rank?

Sigma Capital Group 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.

Sigma Capital Group Momentum Rank Related Terms

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Sigma Capital Group (Sigma Capital Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sigma Capital Group PLC (OTCPK:SGMGF) » Definitions » Momentum Rank
Comparable Companies
CLPR BRT AVB EQR INVH MAA SUI ESS UDR CPT ELS AMH ACC AIRC TSX:CAR.UN IRT ASX:INA TSE:3269 XPAR:ALTA TSE:8986
Traded in Other Exchanges
N/A
Address
18 Alva Street, Edinburgh, GBR, EH2 4QG
Website
http://www.sigmacapital.co.uk
Sigma Capital Group PLC is a holding company. The company is engaged in Private Rented Sector (PRS) sector. It is focused on creating new communities through the provision of new, well located and quality family housing to rent. The company is responsible for the delivery of the land assets and management of the planning and construction process.

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