Washington Prime Group (Washington Prime Group) 6-1 Month Momentum % : -7.89% (As of May. 16, 2024)

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What is Washington Prime Group 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 (2024-05-16), Washington Prime Group's 6-1 Month Momentum % is -7.89%.

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

WPGHQ.PFD's 6-1 Month Momentum % is not ranked
in the REITs industry.
Industry Median: 0.91 vs WPGHQ.PFD: -7.89

Competitive Comparison of Washington Prime Group's 6-1 Month Momentum %

For the REIT - Retail subindustry, Washington Prime Group'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.

Washington Prime Group's 6-1 Month Momentum % Distribution in the REITs Industry

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

* The bar in red indicates where Washington Prime Group's 6-1 Month Momentum % falls into.

Washington Prime Group (OTCPK:WPGHQ.PFD) 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.

Washington Prime Group (OTCPK:WPGHQ.PFD) 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.

Washington Prime Group 6-1 Month Momentum % Related Terms

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Washington Prime Group (Washington Prime Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Washington Prime Group Inc (OTCPK:WPGHQ.PFD) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 East Broad Street, Columbus, OH, USA, 43215

Website

http://www.washingtonprime.com

Washington Prime Group Inc is a self-managed real estate investment trust that invests in, manages, and develops retail properties. The company's portfolio consists of community shopping centres and malls across the United States, with most properties located in Texas, Ohio, Indiana, Illinois, and Florida. It generates the majority of revenue from leasing properties to tenants, which include department stores, restaurants, homeware and furniture stores, entertainment venues, general retailers, and cosmetic stores.