Reit 1 (Reit 1) Momentum Rank : 0 (As of Jun. 10, 2024)

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What is Reit 1 Momentum Rank?

Reit 1 has the Momentum Rank of 0.

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.

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Reit 1 (Reit 1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Reit 1 Ltd (OTCPK:RETDF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

RIT1:Israel

Address

Nachoset Street 6, Tel Aviv, ISR, 69710

Website

http://www.reit1.co.il

Reit 1 Ltd is a player in the real estate sector based in Israel. It conducts businesses of a real estate investment fund and focusses on properties such as office buildings, commercial centers, industrial buildings and apartments for rent. The company's business activities include holding income-generating properties, most of which are located in the center of the country, and are mainly used for offices, commerce, industry, logistics, nursing hospitals, parking lots and hotels.

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