GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » PropertyGuru Group Ltd (NYSE:PGRU) » Definitions » Momentum Rank

PropertyGuru Group (PropertyGuru Group) Momentum Rank : 0 (As of May. 17, 2024)


View and export this data going back to 2022. Start your Free Trial

What is PropertyGuru Group Momentum Rank?

PropertyGuru Group 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.

PropertyGuru Group Momentum Rank Related Terms

Thank you for viewing the detailed overview of PropertyGuru Group's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

PropertyGuru Group (PropertyGuru Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » PropertyGuru Group Ltd (NYSE:PGRU) » Definitions » Momentum Rank
Comparable Companies
ZH THRY SEAT TTGT KIND MAX CCG GRPN FVRR ANGI GOOGL META HKSE:00700 XAMS:PRX BIDU SPOT DASH JSE:NPN HKSE:01024 XKRX:035420
Traded in Other Exchanges
N/A
Address
Paya Lebar Quarter, 1 Paya Lebar Link, No. 12-01/04, Singapore, SGP, 408533
Website
https://www.propertygurugroup.com
PropertyGuru Group Ltd is a property technology company. The company provides digital property marketplaces to match buyers and tenants with sellers and landlords, digital marketing services for property agents and developers, SaaS-based sales process automation for property developers, a digital mortgage marketplace and brokerage, and property data consultancy services for banks, valuers and property developers. It operates in Singapore, Vietnam, Malaysia, and Thailand.