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O Bank No 1 REIT (TPE:01009T) Momentum Rank : 0 (As of Jun. 11, 2024)


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What is O Bank No 1 REIT Momentum Rank?

O Bank No 1 REIT 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.

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O Bank No 1 REIT (TPE:01009T) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » O Bank No 1 REIT (TPE:01009T) » Definitions » Momentum Rank
Comparable Companies
Traded in Other Exchanges
N/A
Address
No.99, Sec. 2, Tiding Blvd, Neihu District, Taipei, TWN, 114
Website
https://www.o-bank.com
O Bank No 1 REIT is a company which invests in commercial real estates, including the Panhsin Banker Building in Banqiao and Focus Square in Tainan. REITs derive most of its revenues from property rental income, while the shares it issues will afford investors the opportunity to make real estate investments in relatively small amounts. Its main objective is to provide another capital market vehicle for raising funds, and to give investors a way to invest in commercial real estate with relatively smaller amounts.

O Bank No 1 REIT (TPE:01009T) Headlines

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