City & Land Developers (PHS:LAND) Momentum Rank : 10 (As of May. 01, 2024)

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What is City & Land Developers Momentum Rank?

City & Land Developers has the Momentum Rank of 10.

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 City & Land Developers's Momentum Rank

For the Real Estate - Diversified subindustry, City & Land Developers'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.

City & Land Developers's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, City & Land Developers's Momentum Rank distribution charts can be found below:

* The bar in red indicates where City & Land Developers's Momentum Rank falls into.

City & Land Developers Momentum Rank Related Terms

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City & Land Developers (PHS:LAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » City & Land Developers Inc (PHS:LAND) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

154 H.V. Dela Costa Street, 3rd Floor, Cityland Condominium 10 Tower 1, Makati, PHL, 1226

Website

http://www.citylandcondo.com

City & Land Developers Inc is engaged in acquiring and developing suitable land sites for residential, office, commercial, institutional, and industrial uses. It also focuses on establishing an effective institutional medium. The completed projects of the company are North Residences, Grand Emerald Tower, Manila Residences Bocobo, and much more. Its reportable segments are the Sale of Real Estate Properties and the Lease of Real Estate Properties. Generating, a majority of its revenue from the sale of real estate properties.