Fundo Investimento Imobiliario Green Towers (BSP:GTWR11) Momentum Rank : 7 (As of May. 12, 2024)

View and export this data going back to 2019. Start your Free Trial

What is Fundo Investimento Imobiliario Green Towers Momentum Rank?

Fundo Investimento Imobiliario Green Towers 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 Fundo Investimento Imobiliario Green Towers's Momentum Rank

For the REIT - Office subindustry, Fundo Investimento Imobiliario Green Towers'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.

Fundo Investimento Imobiliario Green Towers's Momentum Rank Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Fundo Investimento Imobiliario Green Towers's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Fundo Investimento Imobiliario Green Towers's Momentum Rank falls into.

Fundo Investimento Imobiliario Green Towers Momentum Rank Related Terms

Thank you for viewing the detailed overview of Fundo Investimento Imobiliario Green Towers's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Fundo Investimento Imobiliario Green Towers (BSP:GTWR11) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Fundo Investimento Imobiliario Green Towers (BSP:GTWR11) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida das Nações Unidas, 14171, tower A - 11th Floor- Vila Gertrudes, São Paulo, SP, BRA, 04794-000

Website

Fundo Investimento Imobiliario Green Towers is a brick-type real estate fund. Its investments are directed at commercial properties in the office segment. The objective of the fund is to provide the quoters with income monthly by means of the location of the corporate offices of Green Towers enterprise.

Fundo Investimento Imobiliario Green Towers (BSP:GTWR11) Headlines

No Headlines