6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-18), Equity Commonwealth's 6-1 Month Momentum % is 2.16%.
The industry rank for Equity Commonwealth's 6-1 Month Momentum % or its related term are showing as below:
EQC's 6-1 Month Momentum % is ranked worse than 53.56% of 842
companies
in the REITs industry
Industry Median: 2.175
vs EQC: 2.16
Competitive Comparison
For the REIT - Office subindustry, Equity Commonwealth'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.
Equity Commonwealth 6-1 Month Momentum % Distribution
For the REITs industry and Real Estate sector, Equity Commonwealth's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Equity Commonwealth'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.
Equity Commonwealth 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Equity Commonwealth's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Equity Commonwealth (Equity Commonwealth) Business Description
Equity Commonwealth is a real estate investment trust engaged in the acquisition, ownership, and operation of primarily office buildings located throughout the United States. The vast majority of the company's real estate portfolio comprises office assets. These properties are fairly evenly dispersed between many of America's major urban markets, notably Washington, Austin, and Denver. Equity Commonwealth derives the vast majority of its income in the form of rental revenue from tenants occupying its offices. The company's largest tenants in terms of revenue generation include a variety of hiking, household goods, publishing, and financial firms.
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