Parkit Enterprise (Parkit Enterprise) 6-1 Month Momentum % : 28.70% (As of May. 08, 2024)

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What is Parkit Enterprise 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 (2024-05-08), Parkit Enterprise's 6-1 Month Momentum % is 28.70%.

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

PKTEF's 6-1 Month Momentum % is ranked better than
86.38% of 1872 companies
in the Real Estate industry
Industry Median: 2.24 vs PKTEF: 28.70

Competitive Comparison of Parkit Enterprise's 6-1 Month Momentum %

For the Real Estate Services subindustry, Parkit Enterprise'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.

Parkit Enterprise's 6-1 Month Momentum % Distribution in the Real Estate Industry

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

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

Parkit Enterprise (OTCPK:PKTEF) 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.

Parkit Enterprise (OTCPK:PKTEF) 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.

Parkit Enterprise 6-1 Month Momentum % Related Terms

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Parkit Enterprise (Parkit Enterprise) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Parkit Enterprise Inc (OTCPK:PKTEF) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

PKT:Canada

Address

100 Canadian Road, Scarborough, ON, CAN, M1R 4Z5

Website

https://www.parkitenterprise.com

Parkit Enterprise Inc is an industrial real estate platform. It is focused on the acquisition, growth, and management of strategically located industrial properties across key markets in Canada, with a focus on the Greater Toronto Area (GTA), Ottawa, and Montreal, to complement its parking assets across the United States. The Company operates in two reportable business segments: Investment Properties which involves the acquisition and management of income producing industrial properties across key markets in Canada. Parking Assets which involves the acquisition and management of income producing parking facilities across the United States.