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Medipower (Overseas) PCL (XTAE:MDPR) Momentum Rank : 0 (As of May. 24, 2024)


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What is Medipower (Overseas) PCL Momentum Rank?

Medipower (Overseas) PCL 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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Medipower (Overseas) PCL (XTAE:MDPR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Medipower (Overseas) PCL (XTAE:MDPR) » Definitions » Momentum Rank
Comparable Companies
XTAE:DRSH XTAE:MSHR XTAE:KRDI XTAE:NTGR XTAE:ASGR XTAE:POLY XTAE:BOTI XTAE:LBTL XTAE:CTPL1 XTAE:BLGO CSGP CBRE XMAD:CLNX BEKE TSE:8830 HKSE:01972 OSTO:AKEL D SGX:9CI HKSE:01997 MIL:INW
Traded in Other Exchanges
N/A
Address
1-C. Skokou , 6th Floor, Nicosia, CYP, 1061
Website
http://www.medipowergroup.com
Medipower (Overseas) PCL is a Cyprus based company which operates in the real estate industry. It owns and manages retail properties, shopping centers and residential developments in the United States, Canada, Sweden, and Bulgaria.

Medipower (Overseas) PCL (XTAE:MDPR) Headlines

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