Macau Property Opportunities Fund (LSE:MPO) Momentum Rank : 6 (As of Jun. 07, 2024)

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What is Macau Property Opportunities Fund Momentum Rank?

Macau Property Opportunities Fund has the Momentum Rank of 6.

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 Macau Property Opportunities Fund's Momentum Rank

For the Real Estate Services subindustry, Macau Property Opportunities Fund'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.

Macau Property Opportunities Fund's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Macau Property Opportunities Fund's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Macau Property Opportunities Fund's Momentum Rank falls into.

Macau Property Opportunities Fund Momentum Rank Related Terms

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Macau Property Opportunities Fund (LSE:MPO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Macau Property Opportunities Fund Ltd (LSE:MPO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MPOl:UK

Address

Trafalgar Court, Les Banques, P.O. Box 286, Floor 2, Saint Peter Port, GGY, GY1 4LY

Website

https://www.mpofund.com

Macau Property Opportunities Fund Ltd operates as a closed-end investment trust. Its investment objective is to provide shareholders with an attractive total return, which is intended to comprise capital growth but with the potential for dividends over the medium to long-term. The company aims to achieve its investment objective by investing in property segments in Macau. Its portfolio comprises of a mixture of asset classes which include residential, retail, leisure, industrial and office properties. The fund derives revenue from rental income and income from property trading.

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