6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-29), Global Medical REIT's 6-1 Month Momentum % is -2.35%.
The industry rank for Global Medical REIT's 6-1 Month Momentum % or its related term are showing as below:
GMRE's 6-1 Month Momentum % is ranked worse than 78.52% of 838
companies
in the REITs industry
Industry Median: 5.66
vs GMRE: -2.35
Competitive Comparison of Global Medical REIT's 6-1 Month Momentum %
For the REIT - Healthcare Facilities subindustry, Global Medical REIT'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.
Global Medical REIT's 6-1 Month Momentum % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Global Medical REIT's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Global Medical REIT's 6-1 Month Momentum % falls into.
Global Medical REIT (NYSE:GMRE) 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.
Global Medical REIT (NYSE:GMRE) 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.
Global Medical REIT 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Global Medical REIT's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Global Medical REIT (Global Medical REIT) Business Description
Global Medical REIT Inc is a Maryland corporation engaged primarily in the acquisition of purpose-built healthcare facilities and the leasing of those facilities to strong healthcare systems and physician groups. Its healthcare facilities are located in secondary markets and suburbs of primary markets and are typically leased to single-tenants under triple-net leases. Its tenants are physician groups, regional or national healthcare systems or combinations thereof. The company's principal business objective is to provide attractive, risk-adjusted returns to its stockholders through a combination of reliable dividends and long-term capital appreciation.
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