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Newmark Property REIT (ASX:NPR) Momentum Rank : 0 (As of Jun. 06, 2024)


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What is Newmark Property REIT Momentum Rank?

Newmark Property REIT 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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Newmark Property REIT (ASX:NPR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Newmark Property REIT (ASX:NPR) » Definitions » Momentum Rank
Comparable Companies
ASX:WOT ASX:TOT ASX:APW ASX:FPP VICI ASX:MGR WPC FUNO11 ASX:SGP SRC LSE:LAND LSE:UTG ASX:GPT XPAR:COV ASX:CLW TSE:8984 XMAD:MRL EPRT LSE:BLND TSE:8960
Traded in Other Exchanges
N/A
Address
644 Chapel Street, Como Centre, Level 17, South Yarra, Yarra, VIC, AUS, 3141
Website
https://www.newmarkcapital.com.au
Newmark Property REIT is a real estate investment trust. It offers investors access to Australian hardware and large-format retail properties. The group receives the majority of its revenue through rental income.

Newmark Property REIT (ASX:NPR) Headlines

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