6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-01), MTGE Investment's 6-1 Month Momentum % is 0.78%.
The industry rank for MTGE Investment's 6-1 Month Momentum % or its related term are showing as below:
MTGEP.PFD's 6-1 Month Momentum % is not ranked
in the REITs industry.
Industry Median: 5.94
vs MTGEP.PFD: 0.78
Competitive Comparison of MTGE Investment's 6-1 Month Momentum %
For the REIT - Diversified subindustry, MTGE Investment'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.
MTGE Investment's 6-1 Month Momentum % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, MTGE Investment's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where MTGE Investment's 6-1 Month Momentum % falls into.
* 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.
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.
MTGE Investment 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of MTGE Investment's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
MTGE Investment (MTGE Investment) Business Description
MTGE Investment is a hybrid mortgage REIT that invests in, finances, and manages a portfolio of agency mortgage-backed securities, nonagency mortgage investments, and other real estate-related assets. Its residential mortgage-backed securities, or RMBS, include residential mortgage pass-through certificates and collateralised mortgage obligations. Its nonagency mortgage investments comprise RMBS backed by residential mortgages, as well as prime and nonprime residential mortgage loans. The company generates its revenue from the interest earned and lease payments received on its investment assets. MTGE Investment's assets are externally managed by a subsidiary of AGNC Investment.
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