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Carindale Property Trust (ASX:CDP) 12-1 Month Momentum % : 16.92% (As of Dec. 15, 2024)


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What is Carindale Property Trust 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-12-15), Carindale Property Trust's 12-1 Month Momentum % is 16.92%.

The industry rank for Carindale Property Trust's 12-1 Month Momentum % or its related term are showing as below:

ASX:CDP's 12-1 Month Momentum % is ranked better than
82.2% of 955 companies
in the REITs industry
Industry Median: -3.5 vs ASX:CDP: 16.92

Competitive Comparison of Carindale Property Trust's 12-1 Month Momentum %

For the REIT - Retail subindustry, Carindale Property Trust's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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.


Carindale Property Trust's 12-1 Month Momentum % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Carindale Property Trust's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Carindale Property Trust's 12-1 Month Momentum % falls into.



Carindale Property Trust  (ASX:CDP) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-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.


Carindale Property Trust  (ASX:CDP) 12-1 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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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.


Carindale Property Trust 12-1 Month Momentum % Related Terms

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Carindale Property Trust Business Description

Traded in Other Exchanges
N/A
Address
85 Castlereagh Street, Level 30, Sydney, NSW, AUS, 2000
Carindale Property Trust is engaged in the long-term ownership of the interest in the Westfield Cardinal shopping center. The company derives revenue from shopping center base rent and other property income.