Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario (BSP:ALZR11) Momentum Rank : 2 (As of Jul. 26, 2024)

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What is Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario Momentum Rank?

Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario has the Momentum Rank of 2.

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 Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario's Momentum Rank

For the Real Estate Services subindustry, Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario'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.

Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario's Momentum Rank falls into.

Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario Momentum Rank Related Terms

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Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario (BSP:ALZR11) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Tabapua No. 1.227-Conj. 202, Itaim Bibi, Sau Paulo, SP, BRA, 04534-003

Website

https://www.alzr11.alianza.com.br

Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliariois a real estate investment company in Brazil. The company focuses on structured projects, such as Built-To-Suit and Sale and Leaseback. It offers property development for leases in the logistics, residential and office segments. The company is also engaged in an asset management business of premium real estate investments, such as FIIs, private equity real estate vehicles, CMBS and RMBS.

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