Abacus Group (ASX:ABG) 6-1 Month Momentum % : 14.15% (As of Apr. 25, 2024)

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What is Abacus 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 (2024-04-25), Abacus Group's 6-1 Month Momentum % is 14.15%.

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

ASX:ABG's 6-1 Month Momentum % is ranked better than
72.53% of 841 companies
in the REITs industry
Industry Median: 5.05 vs ASX:ABG: 14.15

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

For the REIT - Diversified subindustry, Abacus 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.

Abacus Group's 6-1 Month Momentum % Distribution in the REITs Industry

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

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

Abacus Group (ASX:ABG) 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.

Abacus Group (ASX:ABG) 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.

Abacus Group 6-1 Month Momentum % Related Terms

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Abacus Group (ASX:ABG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Abacus Group (ASX:ABG) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

EZO1:Germany

Address

77 Castlereagh Street, Level 13, Sydney, NSW, AUS, 2000

Website

https://www.abacusproperty.com.au

Abacus Group is primarily focused on storage and office property, with minor interests in other subsectors such as retail property. Its storage business remains an active acquirer and developer of property. Management separated the storage business in mid-2023. We don't view the separation as creating value in itself, however, we view it as a potential catalyst that could prompt the market to recognize latent value in Abacus' assets. However, it will likely take time for the market to get familiar with the two Abacus vehicles and its new structure.