Altus Group (Altus Group) 6-1 Month Momentum % : 6.28% (As of Apr. 29, 2024)

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What is Altus 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 (2024-04-29), Altus Group's 6-1 Month Momentum % is 6.28%.

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

ASGTF's 6-1 Month Momentum % is ranked better than
61.1% of 1887 companies
in the Real Estate industry
Industry Median: 3.7 vs ASGTF: 6.28

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

For the Real Estate Services subindustry, Altus 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.

Altus Group's 6-1 Month Momentum % Distribution in the Real Estate Industry

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

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

Altus Group (OTCPK:ASGTF) 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.

Altus Group (OTCPK:ASGTF) 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.

Altus Group 6-1 Month Momentum % Related Terms

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Altus Group (Altus Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Altus Group Ltd (OTCPK:ASGTF) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

AIF:Canada

Address

33 Yonge Street, Suite 500, Toronto, ON, CAN, M5E 1G4

Website

https://www.altusgroup.com

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Property Tax, Analytics; and under CRE Consulting services, and Appraisals and Development Advisory. It generates maximum revenue from the Analytics; and under CRE Consulting services segment. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.