6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-04), Elme Communities's 6-1 Month Momentum % is 0.67%.
The industry rank for Elme Communities's 6-1 Month Momentum % or its related term are showing as below:
ELME's 6-1 Month Momentum % is ranked worse than 58.05% of 839
companies
in the REITs industry
Industry Median: 2.38
vs ELME: 0.67
Competitive Comparison of Elme Communities's 6-1 Month Momentum %
For the REIT - Residential subindustry, Elme Communities's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % 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.
Elme Communities's 6-1 Month Momentum % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Elme Communities's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Elme Communities's 6-1 Month Momentum % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.
The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.
Elme Communities 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Elme Communities's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Elme Communities (Elme Communities) Business Description
Elme Communities is a real estate investment trust engaged in owning and operating properties in the greater Washington DC metropolitan area. The company's real estate portfolio is comprised of office, retail, and multifamily properties located primarily near major transportation nodes. Washington REIT derives nearly all of its income in the form of rental revenue from tenants organized into long-term leases. The company's office assets contribute the majority of this income, while the rest is split fairly evenly between its retail and multifamily locations. Washington REIT's largest tenants are banking, consulting, law, and financial services firms.
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