Middlefield Can Global REITome Fund (TSX:RCO.UN) Momentum Rank : 9 (As of Jun. 25, 2024)

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What is Middlefield Can Global REITome Fund Momentum Rank?

Middlefield Can Global REITome Fund has the Momentum Rank of 9.

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 Middlefield Can Global REITome Fund's Momentum Rank

For the REIT - Specialty subindustry, Middlefield Can Global REITome 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.

Middlefield Can Global REITome Fund's Momentum Rank Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Middlefield Can Global REITome Fund's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Middlefield Can Global REITome Fund's Momentum Rank falls into.

Middlefield Can Global REITome Fund Momentum Rank Related Terms

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Middlefield Can Global REITome Fund (TSX:RCO.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Middlefield Can Global REIT Income Fund (TSX:RCO.UN) » Definitions » Momentum Rank

Comparable Companies

BSP:ITIT11 MIL:4AIM BKK:QHOP XCNQ:NNL.U TSX:HRR.UN JSE:ANI TSE:9282

Traded in Other Exchanges

N/A

Address

812 Memorial Drive Northwest, Calgary, AB, CAN, T2N 3C8

Website

http://www.middlefield.com

Middlefield Can Global REIT Income Fund creates and manages investment products for individual and institutional investors. Investment products include Exchange-Traded Funds, Mutual Funds, Private and Public Resource Funds, Venture Capital Assets, TSX Publicly Traded Funds and Real Estate Investment Funds and Partnerships, The company's role in the fund business includes the creation and structuring of investment products, the completion of offerings to investors, the identification, selection and monitoring of suitable investments, acting as registrar and transfer agent, monitoring regulatory compliance, and providing reports to investors on operating and financial performance and for income tax purposes.

Middlefield Can Global REITome Fund (TSX:RCO.UN) Headlines

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