What is EastGroup Properties 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), EastGroup Properties's 6-1 Month Momentum % is 15.39%.
The industry rank for EastGroup Properties's 6-1 Month Momentum % or its related term are showing as below:
EGP's 6-1 Month Momentum % is ranked better than 75.03% of 841
companies
in the REITs industry
Industry Median: 5.05
vs EGP: 15.39
Competitive Comparison of EastGroup Properties's 6-1 Month Momentum %
For the REIT - Industrial subindustry, EastGroup Properties'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.
EastGroup Properties's 6-1 Month Momentum % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, EastGroup Properties's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where EastGroup Properties'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.
EastGroup Properties 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of EastGroup Properties's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
EastGroup Properties (EastGroup Properties) Business Description
EastGroup Properties Inc is an equity real estate investment trust. It is engaged in the development, acquisition, and operation of industrial properties in major Sunbelt markets throughout the United States, primarily in the states of Florida, Texas, Arizona, California, and North Carolina. The company manages a portfolio of industrial properties. The vast majority of these properties are multi-tenant business distribution buildings that provide large warehousing and office space for customers. Properties located in Texas and Florida account for most of EastGroup's total real estate portfolio. The company derives its revenue in the form of rental income.
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