Goodman Group (ASX:GMG) 6-1 Month Momentum %

: 39.51% (As of Today)

View and export this data going back to 2005. Start your Free Trial

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-17), Goodman Group's 6-1 Month Momentum % is 39.51%.

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

ASX:GMG's 6-1 Month Momentum % is ranked better than
90.27% of 1871 companies
in the Real Estate industry
Industry Median: 0.48 vs ASX:GMG: 39.51

Competitive Comparison

For the Real Estate - Diversified subindustry, Goodman 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.

Goodman Group 6-1 Month Momentum % Distribution

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

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

Goodman Group (ASX:GMG) 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.

Goodman Group (ASX:GMG) 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.

Goodman Group 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Goodman Group's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.

Goodman Group (ASX:GMG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

GMGSF:USA

Address

1-11 Hayes Road, The Hayesbery, Rosebery, Sydney, NSW, AUS, 2018

Website

https://www.goodman.com

Goodman Group develops and manages industrial property investments worldwide. Rather than taking all risks on its own balance sheet, most Goodman developments are on behalf of end-user tenants, and funds management clients. A typical deal involves purchasing land for a tenant who wants to occupy the site, and/or an investor who will own the asset via a Goodman investment vehicle. Goodman charges leasing fees for locking in tenants, and fees for managing the development. Completed projects reside in Goodman investment vehicles, and Goodman charges asset and investment management fees to investors, in return for collecting rent and managing the site. Goodman retains a minority stake in many projects, generating rental income and aligning its interests with its funds management clients.

Goodman Group (ASX:GMG) Headlines

No Headlines