Sun Communities (FRA:SCZ) 6-1 Month Momentum % : 2.73% (As of May. 15, 2024)

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What is Sun Communities 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 (2024-05-15), Sun Communities's 6-1 Month Momentum % is 2.73%.

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

FRA:SCZ's 6-1 Month Momentum % is ranked better than
62.75% of 851 companies
in the REITs industry
Industry Median: 3.02 vs FRA:SCZ: 2.73

Competitive Comparison of Sun Communities's 6-1 Month Momentum %

For the REIT - Residential subindustry, Sun 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.

Sun Communities's 6-1 Month Momentum % Distribution in the REITs Industry

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

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

Sun Communities (FRA:SCZ) 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.

Sun Communities (FRA:SCZ) 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.

Sun Communities 6-1 Month Momentum % Related Terms

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Sun Communities (FRA:SCZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sun Communities Inc (FRA:SCZ) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

SUI:USA S2UI34:Brazil

Address

27777 Franklin Road, Suite 200, Southfield, MI, USA, 48034

Website

https://www.suncommunities.com

Sun Communities is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently owns a portfolio of 670 properties, which includes 353 manufactured housing communities, 182 residential vehicle communities, and 135 marina properties. Sun targets owning properties that are desirable as second homes or vacation properties with nearly 50% of the portfolio located in either Florida or Michigan near major bodies of water.