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Pine Trail REIT (TSXV:PINE.UN) Momentum Rank : 0 (As of Jun. 10, 2024)


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What is Pine Trail REIT Momentum Rank?

Pine Trail REIT 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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Pine Trail REIT (TSXV:PINE.UN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Pine Trail REIT (TSXV:PINE.UN) » Definitions » Momentum Rank
Comparable Companies
SZSE:002540 SHSE:601677 SHSE:600219 SZSE:000807 SHSE:600768 SHSE:600888 SZSE:002532 SZSE:003038 SHSE:600595 SHSE:601702 WELL VTR PEAK OHI HR SBRA MPW DOC XBRU:AED NHI
Traded in Other Exchanges
N/A
Address
161 Bay Street, 27th Floor, Toronto, ON, CAN, M5J 2S1
Website
https://www.pinereit.com
Pine Trail REIT owns and rents a medical office real estate property through its wholly owned subsidiaries. The Picton Property, owned by the trust, is fully occupied by medical practitioners and a pharmacy.

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