6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-27), Ellington Financial's 6-1 Month Momentum % is -3.42%.
The industry rank for Ellington Financial's 6-1 Month Momentum % or its related term are showing as below:
EFC's 6-1 Month Momentum % is ranked worse than 80.64% of 842
companies
in the REITs industry
Industry Median: 5.705
vs EFC: -3.42
Competitive Comparison of Ellington Financial's 6-1 Month Momentum %
For the REIT - Mortgage subindustry, Ellington Financial'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.
Ellington Financial's 6-1 Month Momentum % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Ellington Financial's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Ellington Financial'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.
Ellington Financial 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Ellington Financial's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ellington Financial (Ellington Financial) Business Description
Ellington Financial Inc is a specialty finance company. Its primary investment objective is to generate attractive, risk-adjusted total returns for its shareholders by making investments. the Company has two reportable segments; The Investment Portfolio Segment is focused on investing in a diverse array of financial assets, including residential and commercial mortgage loans, residential mortgage-backed securities, non-mortgage- and mortgage-related derivatives, debt and equity investments in loan origination companies, and other strategic investments, and The Longbridge Segment is focused on the origination and servicing of reverse mortgage loans. it acquires reverse mortgage loans both through its origination activities and through secondary market purchases.
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