UNITE Group (UNITE Group) 12-1 Month Momentum % : 9.33% (As of May. 08, 2024)

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What is UNITE Group 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 (2024-05-08), UNITE Group's 12-1 Month Momentum % is 9.33%.

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

UTGPF's 12-1 Month Momentum % is ranked better than
51.75% of 829 companies
in the REITs industry
Industry Median: -1.59 vs UTGPF: 9.33

Competitive Comparison of UNITE Group's 12-1 Month Momentum %

For the REIT - Diversified subindustry, UNITE Group'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.

UNITE Group's 12-1 Month Momentum % Distribution in the REITs Industry

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

* The bar in red indicates where UNITE Group's 12-1 Month Momentum % falls into.

UNITE Group (OTCPK:UTGPF) 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.

UNITE Group (OTCPK:UTGPF) 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.

UNITE Group 12-1 Month Momentum % Related Terms

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UNITE Group (UNITE Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » UNITE Group PLC (OTCPK:UTGPF) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

UTGl:UK UTG:UK

Address

South Quay House, Temple Back, Bristol, GBR, BS1 6FL

Website

https://www.unite-group.co.uk

UNITE Group PLC develops and operates student housing. It has nearly 150 properties in the United Kingdom that can accommodate almost 50,000 students. Nearly 20% of its rental capacity is in London. The company rents rooms both directly to students and through partnerships with more than 50 universities. Properties often have communal kitchens and other common rooms. Rental income typically provides a portion of the company's revenue. The company also generates revenue from management and development fees and from property sales.