Home Invest Belgium NV (XBRU:HOMI) Momentum Rank : 7 (As of May. 02, 2024)

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What is Home Invest Belgium NV Momentum Rank?

Home Invest Belgium NV has the Momentum Rank of 7.

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 Home Invest Belgium NV's Momentum Rank

For the REIT - Residential subindustry, Home Invest Belgium NV'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.

Home Invest Belgium NV's Momentum Rank Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Home Invest Belgium NV's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Home Invest Belgium NV's Momentum Rank falls into.

Home Invest Belgium NV Momentum Rank Related Terms

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Home Invest Belgium NV (XBRU:HOMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Home Invest Belgium NV (XBRU:HOMI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

H5V0:Germany

Address

Boulevard de la Woluwe 46, Box 11, Brussels, BEL, 1200

Website

https://www.homeinvestbelgium.be

Home Invest Belgium NV is a Belgium-based real estate company. It specializes in residential property for the letting market and offers premises and professional management to its tenants. The company is distinguished into four geographical segments: The Brussels Region, the Flemish Region, the Walloon Region, and the Netherlands. It generates the majority of its income from the Brussels Region.

Home Invest Belgium NV (XBRU:HOMI) Headlines

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