Vakif Gayrimenkul Yatirim Ortakligi AS (IST:VKGYO) Momentum Rank : 0 (As of Jun. 09, 2024)

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What is Vakif Gayrimenkul Yatirim Ortakligi AS Momentum Rank?

Vakif Gayrimenkul Yatirim Ortakligi AS 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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Vakif Gayrimenkul Yatirim Ortakligi AS (IST:VKGYO) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Vakif Gayrimenkul Yatirim Ortakligi AS (IST:VKGYO) » Definitions » Momentum Rank

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Traded in Other Exchanges

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Address

Serifali Mah. Bayraktar, Boulevard No: 62 Umraniye, Istanbul, TUR

Website

http://www.vakifgyo.com.tr

Vakif Gayrimenkul Yatirim Ortakligi AS is a real estate investment trust. The company invests in real estate, capital market instruments based on real estate, buildings, land, projects based on real estates, usufruct rights established on real estate and rental income. It leases and rents commercial and office buildings in Ankara and Istanbul. Its projects include Istanbul international finance center project, Bizimtepe aydos project, and maltepe housing project.

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