Cityland Development (PHS:CDC) Momentum Rank : 1 (As of May. 25, 2024)

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What is Cityland Development Momentum Rank?

Cityland Development has the Momentum Rank of 1.

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 Cityland Development's Momentum Rank

For the Real Estate Services subindustry, Cityland Development'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.

Cityland Development's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Cityland Development's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Cityland Development's Momentum Rank falls into.

Cityland Development Momentum Rank Related Terms

Thank you for viewing the detailed overview of Cityland Development's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Cityland Development (PHS:CDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Cityland Development Corp (PHS:CDC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tower I, 156 H.V. Dela Costa Street, 2nd Floor, Cityland Condominium 10, Makati, PHL, 1226

Website

https://www.cityland.info

Cityland Development Corp operates as a real estate company that acquires, develops, subdivides, cultivates, leases, subleases, sells, barter and disposes of agricultural, industrial, commercial, residential and other real properties. It also constructs, improves, lease, sublease, sell and/or dispose of houses, buildings and other improvements and manages and operates subdivisions and housing projects. Its operations are carried through the following segments: Sale of Real Estate Properties, Lease Real Estate Properties, and Pension Plan Operations.

Cityland Development (PHS:CDC) Headlines

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