DigitalBridge Group (LTS:0YY7) Momentum Rank : 1 (As of May. 22, 2024)

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What is DigitalBridge Group Momentum Rank?

DigitalBridge Group has the Momentum Rank of 1.

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 DigitalBridge Group's Momentum Rank

For the Real Estate Services subindustry, DigitalBridge 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.

DigitalBridge Group's Momentum Rank Distribution in the Real Estate Industry

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

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

DigitalBridge Group Momentum Rank Related Terms

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DigitalBridge Group (LTS:0YY7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » DigitalBridge Group Inc (LTS:0YY7) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

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Address

750 Park of Commerce Drive, Suite 210, Boca Raton, FL, USA, 33487

Website

https://www.digitalbridge.com

DigitalBridge Group Inc is a developer of alternative asset manager dedicated to investing in digital infrastructure. The company's platform invests in and operates businesses across the digital ecosystem, including cell towers, data centers, fiber, small cells, and edge infrastructure, to provide clients with funds for digital infrastructure real estate infrastructure.

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