NexPoint Hospitality Trust (TSXV:NHT.U) Momentum Rank : 0 (As of May. 14, 2024)

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What is NexPoint Hospitality Trust Momentum Rank?

NexPoint Hospitality 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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NexPoint Hospitality Trust (TSXV:NHT.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » NexPoint Hospitality Trust (TSXV:NHT.U) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 Bay Street, Suite 3400, Toronto, ON, CAN, M5H 2S7

Website

https://www.nexpointhospitality.com

NexPoint Hospitality Trust is an open-ended real estate investment trust. The REIT has been created for the purpose of acquiring a portfolio of hospitality assets located in the United States and raising capital to acquire additional U.S.-located hospitality assets that meet its investment objectives. The objectives of NHT are to provide unitholders with an opportunity to invest in an initial portfolio of extended-stay, select-service, and efficient full-service hotels. It has one segment owning and operating hotel properties in the U.S.

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