Property & Building (XTAE:PTBL) Momentum Rank : 0 (As of Jun. 10, 2024)

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What is Property & Building Momentum Rank?

Property & Building 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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Property & Building (XTAE:PTBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Property & Building Corp Ltd (XTAE:PTBL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

114 Yigal Alon Street, ToHa Tower, 27th Floor, Tel Aviv, ISR, 6744130

Website

https://www.pbc.co.il

Property & Building Corp Ltd is an Israel-based construction company. Its principal activities are an investment in income-producing properties, Gav-Yam and residential construction in Israel and other regions, such as the United States, India, Eastern Europe, Western Europe, and the United Kingdom. PBC invests in various fields of real estate, agriculture, leisure, and sports. The company operates the real estate business through the company itself and through its subsidiaries, including Bayside Land, Hadarim Properties, Naveh-Gad Building Development, Israeli Properties Rental, and others.

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