What is NexPoint Residential Trust 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), NexPoint Residential Trust's 6-1 Month Momentum % is 2.74%.
The industry rank for NexPoint Residential Trust's 6-1 Month Momentum % or its related term are showing as below:
NXRT's 6-1 Month Momentum % is ranked worse than 51.96% of 843
companies
in the REITs industry
Industry Median: 5.38
vs NXRT: 2.74
Competitive Comparison of NexPoint Residential Trust's 6-1 Month Momentum %
For the REIT - Residential subindustry, NexPoint Residential Trust'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.
NexPoint Residential Trust's 6-1 Month Momentum % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, NexPoint Residential Trust's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where NexPoint Residential Trust'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.
NexPoint Residential Trust 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of NexPoint Residential Trust's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
NexPoint Residential Trust (NexPoint Residential Trust) Business Description
NexPoint Residential Trust Inc is an us-based real estate investment trust company. Its company's investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions, and achieve long-term capital appreciation for stockholders. The company seeks to achieve these objectives through targeted management and a capex value-add program. It focuses on acquiring multifamily properties in markets with attractive job growth and household formation fundamentals primarily in the Southeastern and Southwestern United States. The company generates revenue from the rental of multifamily properties.
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