Starhill Global Real Estate Investment Trust (SGX:P40U) Momentum Rank : 5 (As of May. 10, 2024)

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What is Starhill Global Real Estate Investment Trust Momentum Rank?

Starhill Global Real Estate Investment Trust has the Momentum Rank of 5.

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 Starhill Global Real Estate Investment Trust's Momentum Rank

For the REIT - Retail subindustry, Starhill Global 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.

Starhill Global Real Estate Investment Trust's Momentum Rank Distribution in the REITs Industry

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

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

Starhill Global Real Estate Investment Trust Momentum Rank Related Terms

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Starhill Global Real Estate Investment Trust (SGX:P40U) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

SGLMF:USA

Address

391B Orchard Road, No. 21-08 Ngee Ann City Tower B, Singapore, SGP, 238874

Website

https://www.starhillglobalreit.com

Starhill Global Real Estate Investment Trust invests in retail and commercial properties. The company's properties are located in Asia-Pacific countries which include Singapore, Australia, Malaysia, China, and Japan. The company generates the majority of revenue from leasing properties to tenants, primarily department stores, fashion and footwear stores, cosmetics shops, and corporates. The company divides its operations into five segments: Wisma Atria Property; Ngee Ann City Property; Australia Properties; Malaysia Properties; and other properties. The two Singapore segments, Wisma Atria Property and Ngee Ann City Property, collectively generate more than half total revenue.

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