Orix Jreit (TSE:8954) 6-1 Month Momentum % : -3.51% (As of May. 12, 2024)

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What is Orix Jreit 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-12), Orix Jreit's 6-1 Month Momentum % is -3.51%.

The industry rank for Orix Jreit's 6-1 Month Momentum % or its related term are showing as below:

TSE:8954's 6-1 Month Momentum % is ranked worse than
76.98% of 847 companies
in the REITs industry
Industry Median: 3.03 vs TSE:8954: -3.51

Competitive Comparison of Orix Jreit's 6-1 Month Momentum %

For the REIT - Office subindustry, Orix Jreit'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.

Orix Jreit's 6-1 Month Momentum % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Orix Jreit's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Orix Jreit's 6-1 Month Momentum % falls into.

Orix Jreit (TSE:8954) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-month ago

- 1 )

100 %

* 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.

Orix Jreit (TSE:8954) 6-1 Month Momentum % Explanation

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.

Orix Jreit 6-1 Month Momentum % Related Terms

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Orix Jreit (TSE:8954) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Orix Jreit Inc (TSE:8954) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-1, Hamamatsucho 2-chome, Minato-ku, Tokyo, JPN, 105-6135

Website

http://www.orixjreit.com

Orix Jreit Inc is a real estate investment trust engaged in the acquisition, ownership, and leasing of properties throughout Japan. In terms of asset acquisition price, the majority of the company's real estate portfolio comprises office buildings. Retail facilities and residential properties together also make up a considerable percentage of this portfolio. Orix JREIT's real estate assets are mostly located in the Greater Tokyo area, with those in the Central Wards of Tokyo representing the largest geographic segment in terms of property acquisition price. The company derives nearly all of its income in the form of rental revenue from tenants. Finance and real estate, transportation, and retail companies are Orix JREIT's major customers.

Orix Jreit (TSE:8954) Headlines

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