6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-24), Apollo Residential Mortgage's 6-1 Month Momentum % is 12.31%.
The industry rank for Apollo Residential Mortgage's 6-1 Month Momentum % or its related term are showing as below:
AMTGPRA.PFD's 6-1 Month Momentum % is not ranked
in the REITs industry.
Industry Median: 5.38
vs AMTGPRA.PFD: 12.31
Competitive Comparison
For the REIT - Residential subindustry, Apollo Residential Mortgage'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.
Apollo Residential Mortgage 6-1 Month Momentum % Distribution
For the REITs industry and Real Estate sector, Apollo Residential Mortgage's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Apollo Residential Mortgage's 6-1 Month Momentum % falls into.
Apollo Residential Mortgage (NYSE:AMTGPRA.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.
Apollo Residential Mortgage (NYSE:AMTGPRA.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.
Apollo Residential Mortgage 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Apollo Residential Mortgage's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Apollo Residential Mortgage (Apollo Residential Mortgage) Business Description
Apollo Residential Mortgage Inc was incorporated in Maryland on March 15, 2011 and began operations on July 27, 2011, coinciding with the initial public offering of its common stock. The Company is a real estate investment trust mainly engaged in investing and managing residential mortgage-backed securities, residential mortgage loans and other residential mortgage assets in the United State. It is structured as a holding company and conducts its business mainly through ARM Operating, LLC and its other operating subsidiaries. The Company is an alternative investment manager. It currently operates as one business segment. The Company competes with other REITs, specialty finance companies, savings and loan associations, banks, mortgage bankers, insurance companies, mutual funds, institutional investors, investment banking firms, financial institutions, governmental bodies and other entities.
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