Growthpoint Properties Australia (Growthpoint Properties Australia) Momentum Rank : 5 (As of Apr. 27, 2024)

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What is Growthpoint Properties Australia Momentum Rank?

Growthpoint Properties Australia has the Momentum Rank of 5.

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 Growthpoint Properties Australia's Momentum Rank

For the REIT - Diversified subindustry, Growthpoint Properties Australia'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.

Growthpoint Properties Australia's Momentum Rank Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Growthpoint Properties Australia's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Growthpoint Properties Australia's Momentum Rank falls into.

Growthpoint Properties Australia Momentum Rank Related Terms

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Growthpoint Properties Australia (Growthpoint Properties Australia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Growthpoint Properties Australia (OTCPK:GRWPF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

IVP1:Germany GOZ:Australia

Address

Level 18, 101 Collins Street, Melbourne, VIC, AUS, 3000

Website

https://www.growthpoint.com.au

Growthpoint Properties is an internally managed Australian REIT, with commercial property investments split circa 65/35 between Australian office and industrial assets. Historically the REIT did not undertake funds management activities but it purchased fund manager Fortius in September 2022. The REIT usually limits speculative property development, though it built an office development in suburban Melbourne. The asset was completely vacant on completion, but Growthpoint was able to attract tenants and it is now occupied.

Growthpoint Properties Australia (Growthpoint Properties Australia) Headlines

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