abrdn Propertyome Trust (LSE:API) Momentum Rank : 7 (As of May. 02, 2024)

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What is abrdn Propertyome Trust Momentum Rank?

abrdn Propertyome Trust has the Momentum Rank of 7.

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 abrdn Propertyome Trust's Momentum Rank

For the REIT - Diversified subindustry, abrdn Propertyome 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.

abrdn Propertyome Trust's Momentum Rank Distribution in the REITs Industry

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

* The bar in red indicates where abrdn Propertyome Trust's Momentum Rank falls into.

abrdn Propertyome Trust Momentum Rank Related Terms

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abrdn Propertyome Trust (LSE:API) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » abrdn Property Income Trust Ltd (LSE:API) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

APIl:UK

Address

Essex, PO Box 11020, Chelmsford, GBR, CM99 2DB

Website

https://www.abrdnpit.co.uk

abrdn Property Income Trust Ltd is a closed-ended investment company. The company carries on the business of property investment through a portfolio of freehold and leasehold investment properties located in the United Kingdom. The group principally invests in office, industrial, and retail properties. The Group is engaged in a single segment of business, being property investment in one geographical area, the United Kingdom.