Anchor Land Holdings (PHS:ALHI) Momentum Rank : 2 (As of May. 16, 2024)

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What is Anchor Land Holdings Momentum Rank?

Anchor Land Holdings 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 Anchor Land Holdings's Momentum Rank

For the Real Estate - Development subindustry, Anchor Land Holdings'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.

Anchor Land Holdings's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Anchor Land Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Anchor Land Holdings's Momentum Rank falls into.

Anchor Land Holdings Momentum Rank Related Terms

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Anchor Land Holdings (PHS:ALHI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Anchor Land Holdings Inc (PHS:ALHI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

6752 Ayala Avenue corner Makati Avenue, 15th Floor, L.V. Locsin Building, Makati, PHL, 1228

Website

https://www.anchorland.com.ph

Anchor Land Holdings Inc operates in the real estate industry, specializing in the development of sophisticated and luxurious residential condominiums. The company's aggregated operation includes condominium sales, leasing and hotel, and property management. The group operates only in the Philippines.

Anchor Land Holdings (PHS:ALHI) Headlines

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