Colliers International Group (TSX:CIGI) Momentum Rank : 10 (As of Nov. 28, 2024)

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What is Colliers International Group Momentum Rank?

Colliers International Group has the Momentum Rank of 10.

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 Colliers International Group's Momentum Rank

For the Real Estate Services subindustry, Colliers International Group'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.

Colliers International Group's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Colliers International Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Colliers International Group's Momentum Rank falls into.

Colliers International Group Momentum Rank Related Terms

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Colliers International Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Colliers International Group Inc (TSX:CIGI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CIGI:USA

Address

1140 Bay Street, Suite 4000, Toronto, ON, CAN, M5S 2B4

Website

https://www.colliers.com

Colliers International Group Inc is a real estate services and investment management company. The company provides commercial real estate professional services and investment management to corporate and institutional clients around the world. It's primary service lines are Outsourcing & Advisory, Investment Management, Leasing and Capital Markets. Operationally, company is organized into four distinct segments: Americas; Europe, Middle East and Africa, Asia and Australasia and Investment Management.