Atrium Mortgage Investment (TSX:AI) Momentum Rank : 7 (As of May. 20, 2024)

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What is Atrium Mortgage Investment Momentum Rank?

Atrium Mortgage Investment has the Momentum Rank of 7.

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.

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Competitive Comparison of Atrium Mortgage Investment's Momentum Rank

For the Mortgage Finance subindustry, Atrium Mortgage Investment'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.

Atrium Mortgage Investment's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Atrium Mortgage Investment's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Atrium Mortgage Investment's Momentum Rank falls into.

Atrium Mortgage Investment Momentum Rank Related Terms

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Atrium Mortgage Investment (TSX:AI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Atrium Mortgage Investment Corp (TSX:AI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AMIVF:USA 74O:Germany

Address

20 Adelaide Street East, Suite 900, Toronto, ON, CAN, M5C 2T6

Website

https://www.atriummic.com

Atrium Mortgage Investment Corp is a mortgage investment corporation in Canada. The company is a provider of financing solutions to commercial real estate and development communities in urban centers in Ontario and Western Canada. The company generates its revenue from mortgage interest and fees and rental income.

Executives

Nancy Lockhart

Director