Lanesborough Real Estate Investment Trust (TSXV:LRT.UN) Momentum Rank : 0 (As of Jun. 14, 2024)

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What is Lanesborough Real Estate Investment Trust Momentum Rank?

Lanesborough Real Estate Investment Trust 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.

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Lanesborough Real Estate Investment Trust (TSXV:LRT.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Lanesborough Real Estate Investment Trust (TSXV:LRT.UN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Shelter Canadian Properties Limited, 2600 Seven Evergreen Place, Winnipeg, MB, CAN, R3L 2T3

Website

http://www.lreit.com

Lanesborough Real Estate Investment Trust is an investment trust with a focus on creating a portfolio of real estate investments in Canada. Its objective of the trust is to provide unitholders with stable and growing cash distributions and to maximize unit values. It investment properties of the trust are classified into three operating segments including Fort McMurray Properties, Other Investment Properties, and Held for Sale and/or Sold Properties.

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