Stride Property (NZSE:SPG) Momentum Rank : 10 (As of May. 18, 2024)

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What is Stride Property Momentum Rank?

Stride Property 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 Stride Property's Momentum Rank

For the REIT - Diversified subindustry, Stride Property'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.

Stride Property's Momentum Rank Distribution in the REITs Industry

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

* The bar in red indicates where Stride Property's Momentum Rank falls into.

Stride Property Momentum Rank Related Terms

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Stride Property (NZSE:SPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Stride Property Ltd (NZSE:SPG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

34 Shortland Street, Level 12, Louise Hill, Auckland, NTL, NZL, 1010

Website

https://www.strideproperty.co.nz

Stride Property Ltd is a real estate company that owns and manages investment properties in New Zealand. Most of the properties are located in Auckland, followed by Wellington, Northern Regional, and South Island. Stride's portfolio consists of commercial office, retail, and industrial property, as well as land. Retail properties deliver the majority of contract rental revenue, followed by office and industrial properties. The company's major tenants include general distributors, large retailers, banks, the New Zealand government, and industrial companies.