Choice Properties Real Estate Investment Trust (TSX:CHP.UN) Momentum Rank : 7 (As of May. 05, 2024)

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What is Choice Properties Real Estate Investment Trust Momentum Rank?

Choice Properties Real Estate Investment Trust 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 Choice Properties Real Estate Investment Trust's Momentum Rank

For the REIT - Retail subindustry, Choice Properties Real Estate Investment Trust'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.

Choice Properties Real Estate Investment Trust's Momentum Rank Distribution in the REITs Industry

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

* The bar in red indicates where Choice Properties Real Estate Investment Trust's Momentum Rank falls into.

Choice Properties Real Estate Investment Trust Momentum Rank Related Terms

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Choice Properties Real Estate Investment Trust (TSX:CHP.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Choice Properties Real Estate Investment Trust (TSX:CHP.UN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PPRQF:USA 6HC:Germany

Address

22 St. Clair Avenue East, Suite 700, Toronto, ON, CAN, M4T 2S5

Website

https://www.choicereit.ca

Choice Properties Real Estate Investment Trust invests in commercial retail, industrial, mixed-use and residential properties across Canada. The company's portfolio primarily consists of shopping centers anchored by supermarkets and stand-alone supermarkets. The properties are mostly located in Ontario and Quebec, followed by Alberta, Nova Scotia, British Columbia, and New Brunswick. Choice Properties generate the majority of revenue from leasing properties to its tenants. The company's principal tenant, the large-format retailer Loblaw Companies, contributes the vast majority of the total rent.

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