Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN) Momentum Rank : 8 (As of Apr. 30, 2024)

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What is Morguard North American Residential Real Estate Investment Trust Momentum Rank?

Morguard North American Residential Real Estate Investment Trust has the Momentum Rank of 8.

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 Morguard North American Residential Real Estate Investment Trust's Momentum Rank

For the REIT - Residential subindustry, Morguard North American Residential Real Estate Investment Trust'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.

Morguard North American Residential Real Estate Investment Trust's Momentum Rank Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Morguard North American Residential Real Estate Investment Trust's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Morguard North American Residential Real Estate Investment Trust's Momentum Rank falls into.

Morguard North American Residential Real Estate Investment Trust Momentum Rank Related Terms

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Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MNARF:USA

Address

55 City Centre Drive, Suite 1000, Mississauga, ON, CAN, L5B 1M3

Website

https://www.morguard.com

Morguard North American Residential Real Estate Investment Trust is an open-end real estate investment trust. The REIT invests in multi-suite residential rental properties in Canada and the United States. The REIT operates into two reportable segments, Canada and the United States. The United States contributes to the vast majority of revenue.

Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN) Headlines

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