Eik fasteignafelag hf (OISE:EIK) Momentum Rank : 2 (As of May. 25, 2024)

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What is Eik fasteignafelag hf Momentum Rank?

Eik fasteignafelag hf has the Momentum Rank of 2.

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 Eik fasteignafelag hf's Momentum Rank

For the Real Estate Services subindustry, Eik fasteignafelag hf'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.

Eik fasteignafelag hf's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Eik fasteignafelag hf's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Eik fasteignafelag hf's Momentum Rank falls into.

Eik fasteignafelag hf Momentum Rank Related Terms

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Eik fasteignafelag hf (OISE:EIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Eik fasteignafelag hf (OISE:EIK) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Soltun 26, Reykjavik, ISL, 105

Website

https://www.eik.is

Eik fasteignafelag hf is a real estate company. The company owns and leases real estate properties. Its real estate portfolio consists of housing, retail and office space in the business areas. It also engaged in leasing of commercial real estate. It offers spaces for offices, warehouses and retail spaces in both urban and rural area.

Eik fasteignafelag hf (OISE:EIK) Headlines

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