Centuria Industrial REIT (ASX:CIP) Momentum Rank : 7 (As of May. 21, 2024)

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What is Centuria Industrial REIT Momentum Rank?

Centuria Industrial REIT 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 Centuria Industrial REIT's Momentum Rank

For the REIT - Industrial subindustry, Centuria Industrial REIT'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.

Centuria Industrial REIT's Momentum Rank Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Centuria Industrial REIT's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Centuria Industrial REIT's Momentum Rank falls into.

Centuria Industrial REIT Momentum Rank Related Terms

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Centuria Industrial REIT (ASX:CIP) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 41, Chifley Tower, 2 Chifley Square, Sydney, NSW, AUS, 2000

Website

https://www.centuria.com.au

Centuria Industrial REIT owns a AUD 4 billion portfolio of industrial properties, including distribution centers, manufacturing facilities, and data centers. Melbourne and Sydney are its biggest markets at more than a third of portfolio value each, followed by Brisbane, Perth and Adelaide. The trust is externally managed by Centuria Capital Group (ASX: CNI).

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