Charter Hall Retail REIT (STU:MQV) Momentum Rank : 0 (As of Jun. 20, 2024)

View and export this data going back to 2022. Start your Free Trial

What is Charter Hall Retail REIT Momentum Rank?

Charter Hall Retail REIT 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.

Charter Hall Retail REIT Momentum Rank Related Terms

Thank you for viewing the detailed overview of Charter Hall Retail REIT's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Charter Hall Retail REIT (STU:MQV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Charter Hall Retail REIT (STU:MQV) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CQR:Australia

Address

No. 1 Martin Place, Level 20, Sydney, NSW, AUS, 2000

Website

https://www.charterhall.com.au

Charter Hall Retail Retail REIT owns and manages a portfolio of convenience focused retail properties, including neighbourhood and subregional shopping centres, service stations, and some retail logistics properties. The REIT is managed by Charter Hall, a listed, diversified fund manager and developer, which owns a minority stake in Charter Hall Retail REIT and frequently partners with it on acquisitions and developments. More than half of rental income comes from major tenants Woolworths, Coles, Wesfarmers, Ampol, and BP (the latter two occupy service station assets). The portfolio is more seasoned than some convenience rivals, with approximately 80% of supermarket tenants at or near thresholds for paying turnover-linked rent.

Charter Hall Retail REIT (STU:MQV) Headlines

No Headlines